Market
Primary use of $3 billion funding for Huawei/ZTE equipment removal by end of 2025
2
Resolution / Starting Odds
Telecom infrastructure upgrade • 25%
Compensation to telecom companies • 25%
Security enhancements • 25%
Other uses • 25%
Reports from the U.S. government or telecom companies
Story
U.S. House to Vote on $3 Billion to Remove Huawei, ZTE Equipment Due to Security Risks
Dec 8, 2024, 09:50 AM
The U.S. House of Representatives is set to vote next week on an annual defense bill that includes just over $3 billion to help U.S. telecom companies remove equipment made by Chinese firms Huawei and ZTE from American wireless networks. This funding aims to address security risks associated with the equipment. The bill also requires a report on Beijing's efforts to bypass Washington's national security norms.
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