ITALY - Huawei Announces $3.1 Billion Investment Plan

Arno Froese

Chinese telecoms equipment maker Huawei Technologies will invest $3.1 billion over the next three years in Italy, local media reported.

“They are two well-paired countries: Italy needs China, and vice versa, and I am very optimistic from a business point of view,” state broadcaster RAI News24 cited Huawei’s Italian unit chief executive Thomas Miao as saying.

In fact, the Italian government passed a decree boosting the so-called “golden power” legislation, and increasing the power of the state to intervene in the private sector of ICT infrastructure networks—including 5G—due to “urgent need to strengthen national security in strategic sectors.”

Operating in the country since 2004, Huawei now employs some 850 people in Italy, and has inaugurated its new headquarters in Milan earlier this year.

In its 15-year activity, it has opened four innovations centers in cooperation with Italian ICT operators and a Joint Innovation Center for Smart & Safe City in cooperation with the regional government of Sardinia and its Center for Advanced Studies, Research, and Development (CRS4).

Huawei is the largest of five global companies currently selling 5G equipment and systems, the others being Chinese ZTE, Finnish Nokia, Swedish Ericsson, and South Korean Samsung.

-www.chinadaily.com.cn, 16 July 2019

Arno's commentary

China does it again. This time it’s not copying intellectual property from someone else, but being the leader when it comes to 5G technology. There are some bridges to be crossed for Italy, because the European Union must approve, but the end is clearly in sight: communist China is beginning to dominate the high-tech 5G technology.

Rome, as we know, is the capital of the ancient Roman Empire: the last global Gentile superpower according to prophecy. Here we are reminded of Revelation 16:12: “And the sixth angel poured out his vial upon the great river Euphrates; and the water thereof was dried up, that the way of the kings of the east might be prepared.” While the great river Euphrates has not dried up, the preparations in the invisible world are made visible through merchandising and technology. The Bible continues to report: “And I saw three unclean spirits like frogs come out of the mouth of the dragon, and out of the mouth of the beast, and out of the mouth of the false prophet. For they are the spirits of devils, working miracles, which go forth unto the kings of the earth and of the whole world, to gather them to the battle of that great day of God Almighty” (verses 13-14). Note the words “whole world.” What is the purpose of this unified world? Answer: to oppose the God of Israel, the Creator of heaven and earth. That is the declared goal according to Scripture, and all nations of the world are involved. But we need to fully realize the power given to Satan from God, because collectively the world rejects His rulership. Instead, it is feverishly working on creating a manmade god.

Arno Froese is the executive director of Midnight Call Ministries and editor-in-chief of the acclaimed prophetic magazines Midnight Call and News From Israel. He has authored a number of well-received books, and has sponsored many prophecy conferences in the U.S., Canada, and Israel. His extensive travels have contributed to his keen insight into Bible prophecy, as he sees it from an international perspective.

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