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RIO DE JANEIRO, BRAZIL - Brazil’s government will not seek to bar Chinese telecom equipment maker Huawei Technologies Co Ltd from 5G network auctions slated for June this year, newspaper Estado de S. Paulo reported on Saturday, January 16th, citing government and industry sources.

Financial costs potentially worth billions of dollars and the exit of ally President Donald Trump from the White House are forcing President Jair Bolsonaro to backtrack on his opposition to Huawei bidding to provide the next generation cellular network for carriers in Brazil, the paper said.

Like Trump, Bolsonaro has opposed Huawei on the unproven grounds . . .

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