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It has a deep and valuable set of customers in Korea for its 5G Infrastructure and is a significant beneficiary in the USA."But Huawei, the world's largest network equipment maker by revenue, rose to that level in part by offering favorable financing deals via banks, selling cheaper equipment, and rolling out networks relatively quickly.Those factors made it attractive to many telecom firms, particularly in Europe, that were struggling with profitability but turned to Huawei for 4G, the current mobile internet standard.If Nokia, Ericsson and Samsung focus their efforts on the markets where Huawei is blocked, Nair said other countries could suffer when it comes to the rollout of 5G."Smaller Asian markets may suffer if Huawei's competitors turn their attention toward the U.S. and major European economies to fill the void," Nair told CNBC.While the U.S. has banned Huawei, countries in Europe have tread more carefully — despite U.S. pressure.
As said here by Arjun Kharpal