Huawei plans to invest PLN 3 billion in Poland
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Huawei, a China-based multinational networking, telecommunications equipment, and services company, announced plans to invest an additional PLN 3 billion over the coming five years into the Polish market. However, the final value of the investment will depend on the Polish Government decision regarding the permission and the level of involvement in the activities related to the development of 5G network in the country.
So far, Huawei has invested more than PLN 5 billion in Poland which translates into PLN 630 million in taxes. In January 2019 the company also announced plans to invest an additional 2 billion in the Polish market. This implies the total amount of the Chinese giant’s investment into the local marked can increase by an additional PLN 5bn.
It is worth noting, that the Polish government intended to make a decision by the end of June 2019, regarding the potential withdrawal of Huawei from participation in the construction of 5G network and related infrastructure in the country, according to Karol Okoński, Government Plenipotentiary for Cyber Security. However, the Department of Digitization has not addressed this issue so far.
Following the meeting with Chinese President Xi Jinping at the G20 Summit in June 2019, Donald Trump announced suspending the trade ban against Huawei for non-security equipment as well as relaxation of sanctions on the company.