The chief executive of Cisco Systems has ruled out the idea of taking control of telecoms equipment makers Nokia and Ericsson, dealing a blow to the Trump administration’s latest bid to counter the rise of Chinese equipment maker Huawei.
Chuck Robbins, head of the US networking equipment maker, said that building the infrastructure for 5G mobile networks — a big part of the European groups’ operations — did not fit Cisco’s financial profile or strategy.
“If you look at the economics of that particular business, it’s not how we run our business,” he told the Financial Times.
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