This Battle Has Just Begun...

5G is the future, and companies are starting to move in. Wealth Daily editor Monica Savaglia tells readers how Chinese tech company Huawei is fighting for its opportunity to build a 5G network and why it's up against government pushback. You are receiving this email because you subscribed to Wealth Daily. [Click here]( to manage your e-mail preferences. [Wealth Daily logo] This Battle Has Just Begun... [Monica Savaglia Photo] By [Monica Savaglia]( Written Jun. 19, 2018 Chinese tech company Huawei is fighting for its opportunity to build a 5G network. Huawei is one of the world’s largest makers of smartphones and telecommunications equipment, and on Monday the company did something out of the ordinary. It decided to publish an open letter to Australian lawmakers. You’re probably wondering why a tech company would do this. Well, it’s because Australian national security agencies are attempting to block Huawei from building a 5G network in Australia. The company has been accused of being a security risk for some time. In fact, in 2012, Huawei was blocked from bidding on a massive national broadband network in Australia because it was seen as a security risk at the time. Jeff Bezos is Betting the House on THIS Breakthrough Technology Jeff Bezos, founder of Amazon and one of the world's richest men, is betting the house on a new technology that could make you a pile of money. In short, Bezos has declared this is the next world-changing technology. He believes it is so life-altering that soon we'll find it in every home. He even went so far as to launch an entire division dedicated to this technology at Amazon. And here's the most important part: If you get in now, on the ground floor, this emerging technology could turn every $1 you invest into $4... $8... even $15 or more... [Click here now to seize this opportunity.]( A Heavy Burden to Hold Unfortunately for Huawei, it has been carrying the burden of being an undesirable and significant security risk for a while, and that’s hindered its chance at expanding its technology in other countries. One of the biggest growing concerns is the possibility of Chinese access to the heart of the new 5G mobile networks. This concern isn’t just limited to Australia. Even the U.S. government has expressed its worries over having Huawei building a 5G network on U.S. soil. U.S. lawmakers and security agencies have accused the company of having ties with the Chinese government. Huawei has continually denied that any of its products having any security risks or ties to the Chinese government, but that wasn’t enough for the U.S. The company continues to be largely shut out of the U.S. market. FBI Director Chris Wray said: We’re deeply concerned about the risks of allowing any company or entity that is beholden to foreign governments that don’t share our values to gain positions of power inside our telecommunications networks. It provides the capacity to maliciously modify or steal information. And it provides the capacity to conduct undetected espionage. Is Huawei a Security Risk? If it already isn’t obvious, there’s a significant amount of fear that comes along with the idea of Huawei building a 5G network. As I mentioned earlier, security agencies are hesitant because of how close Huawei is to the Chinese government and the Communist Party. The fear lies in the idea that there would be a creation of “back doors” into 5G networks that would give Chinese authorities access to communications that are happening on the network. An official ban from the Australian government over Huawei building a 5G network could have one significant risk for Australia: A ban would create even more tension with China, Australia’s biggest trading partner. But that’s not stopping politicians from taking a stance against the company. Australian Labor backbencher Michael Danby said: On matters like the electronic spine of Australia, the new 5G network which will control the internet of things — automatically driven cars, lifts, medical technology — I don’t think it’s appropriate to sell or allow a company like Huawei to participate. Politicians are very adamant about keeping Australia risk-free, especially with a network that will be the backbone of so many technologies and a significant part of everyone’s daily lives. Maybe Not So Bad? In order to keep up with technology, Australia and its wireless carriers will need to start hiring companies to build new superfast 5G mobile networks. This could be one way that Australia benefits from Huawei. Huawei Australia wrote to all federal members of parliament (MPs) and said: Increased competition not only means cheaper prices but most importantly better access to the latest technologies and innovation. We are a private company, owned by our employees with no other shareholders. In each of the 170 countries where we operate, we abide by the national laws and guidelines. To do otherwise would end our business overnight. The New Zealand government hasn’t blocked Huawei, and the British have allowed the company to build a new network for national telecom BT. Huawei’s code was checked line-by-line by the intelligence agency Government Communications Headquarters (GCHQ) to ensure it followed all guidelines. [$50 Into $1,200,000]( If you had put $50 into Pfizer stock at its IPO, you’d be a millionaire. You’re about to discover the “Next Pfizer”, which recently IPO’d. I’ve visited restricted areas of this company and grilled the CEO personally. This company is disrupting a $635 billion industry. And it trades for a couple bucks... Here’s your shot to 10X your money. [Click here to see the company.]( 5G is the Future Governments are paying close attention to which companies they work with and who they allow to roll out certain technologies, especially 5G technology. 5G is going to be the backbone of a lot of devices and technologies that we currently use and will be using. 5G is the future. And it’s going to be even bigger than any other network generation before it. The Internet of Things (IoT) is going to be everywhere, and it’s going to need 5G to make it happen. The IoT basically means an interconnected network that includes machines, wearables, buildings, automobiles, and many other types of devices. Cisco estimates that by 2020, the number of connected devices will reach upward of 50 billion. In four years, that figure is estimated to reach 1 trillion. We’re gonna need a strong network to effectively use all of those devices. And that’s where 5G steps in. It’s going to be important not only to the average consumer, but to governments and communities as well. So it makes sense that Australia is making sure it’s doing what’s best for the country by not putting it in any security risk scenarios. 5G is going to pave the way for some really great technologies, and it will lead the way to unbelievable profits for investors. [If you’re interested in investing in 5G](, I recommend taking a look at a presentation put together by my colleague and Wealth Daily’s lead technology analyst, Jason Stutman. He’s done the hard work and has already picked some stocks that could prosper in the 5G boom. The early (and most prosperous) years are here. [Take advantage now!]( Until next time, [Monica Savaglia] Monica Savaglia Monica Savaglia is Wealth Daily’s IPO specialist. With passion and knowledge, she wants to open up the world of IPOs and their long-term potential to everyday investors. She does this through her newsletter [IPO Authority](, a one-stop resource for everything IPO. She also contributes regularly to the [Wealth Daily]( e-letter. To learn more about Monica, [click here.]( Enjoy reading this article? [Click here]( to like it and receive similar articles to read! Browse Our Archives [Is it Trade? Or Interest Rates?]( [A Lesson from a 25-Pound Egg]( [What Apple's Measure App Tells About the Company's AR Ambitions]( [Jump-Start Your Driverless Car Portfolio]( [When Wealthy Investors Meet in Secret, Interesting Things Happen]( --------------------------------------------------------------- This email was sent to {EMAIL}. It is not our intention to send email to anyone who doesn't want it. 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