Netherlands to raise at least 900 mln euros in first 5G auction

AMSTERDAM: The Netherlands aims to rake in at least 900 million euros ($992 million) from its first auction of bandwidth for 5G networks, it said on Thursday, adding some equipment suppliers could be banned from the new networks if they raise security concerns.

European governments are grappling with how to treat Huawei Technologies Co Ltd after the United States alleged the Chinese telecoms supplier’s equipment could be exploited by Beijing for spying. Huawei strongly denies the allegations.