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U.S. offers Brazil telecoms financing to buy 5G equipment from Huawei rivals

www.reuters.com

In Washington, top U.S. officials urged Brazil to carefully monitor Chinese investments in Brazil and moves by Beijing to expand its influence in Latin America’s largest economy through sale of 5G technology by Huawei.

China’s Embassy in Brazil on Twitter accused the United States of seeking a networking “monopoly,” but said it believed most countries would remain independent and make their own decisions regarding 5G.

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