Ericsson’s Backing of Huawei Shows How Companies Become ‘Hostages’ to the CCP

CEO of Swedish telecom giant Ericsson Borje Ekholm answers journalists' questions after presenting the company's fourth quarter and 2019 full year result at the Ericsson headquarters in Stockholm, Sweden, on Jan. 24, 2020. Fredrik Sandberg/TT News Agency/AFP via Getty Images

News Analysis

Telecommunications giant Ericsson didn’t enjoy the benefits of a ban of its rival Huawei in Sweden; instead, it’s been asking the Swedish government to reconsider the ban. An analysis suggests the profits gained from the Chinese market left the company susceptible to coercion by the Chinese Communist Party (CCP).