Huawei pledges up to €705mn in Polish investments

Huawei pledges up to €705mn in Polish investments
By Wojciech Kosc in Warsaw July 9, 2019

Chinese tech giant Huawei said on July 8 it would invest up to PLN3bn (€705mn) in Poland in the coming five years although the precise value of the investment plan would depend on the company’s taking part in the development of 5G that the Polish authorities plan.

The pledge appears to have come to ease the tension between Huawei and the Polish government after an employee of the company and a former Polish security official were arrested earlier this year on espionage charges. 

Warsaw said in reaction it could bar Huawei from taking part in getting the 5G network communication standard up and running in Poland. Polish mobile operator Play is about to kick off testing of 5G in the city of Torun. Play will reportedly use Huawei's equipment. 

Poland is also wary of the Chinese company’s products and services following the US’ warning they could be a security risk.

“In the next five years, we plan to spend almost PLN3bn in Poland through purchases,” Ryszard Hordynski, Huawei’s senior director for strategy and communications, told Reuters.

“Huawei wants to develop and invest in Poland, but these investments have to make sense from a business perspective,” Hordynski added.