Italy beefed up ‘golden power’ with Chinese 5G vendors in mind: source

Italy has beefed up its “golden power” over the private sector partly due to concerns over the potential involvement of Chinese firms Huawei Technologies and ZTE Corp in the development of 5G networks, a government source said on Friday.

On Thursday night, the government used an urgent legislative decree to strengthen its existing power to intervene in the private sector to defend national security and other national interests. The decree did not mention Huawei or ZTE.