House Intelligence panel (with top former FBI Agent) head blackballs China's Huawei

House Intelligence panel head blackballs China's Huawei

VRNG to be big beneficiary of this?

"U.S. companies should avoid doing business with China's Huawei, the world's No. 2 maker of telecommunications gear, for fear its equipment could open doors for spying, the head of the U.S. House of Representatives' Intelligence Committee said.
 "If I were an American company today ... and you are looking at Huawei, I would find another vendor if you care about your intellectual property; if you care about your consumers' privacy and you care about the national security of the United States of America," Chairman Mike Rogers said.

The committee believes allowing Huawei to build and maintain large swaths of America's telecommunications infrastructure opens a door for the Chinese government to spy on the U.S. government and engage in industrial espionage, 60 Minutes said.
 Huawei said in response that it was "globally trusted and respected," doing business in almost 150 markets with more than 500 operator customers, including nationwide carriers across every continent except Antarctica.
 "The security and integrity of our products are world proven," William Plummer, a company spokesman in Washington, said in an email. "Those are the facts today. Those will be the facts next week, political agendas aside."
 The efforts of Huawei and ZTE in the United States have been stymied by U.S. concerns over allegedly mounting Chinese economic espionage, especially in cyberspace.
 Huawei has marketed its network equipment in the United States since last year and has sold to a range of small- to medium-sized carriers nationwide, particularly in rural areas. It has marketed mobile phones through a broader range of U.S. carriers, for the last four years."