Move could test Huawei and ZTE’s long-standing foothold as Washington extends its China reach from oil to another strategic sector.

The United States is opening Venezuela’s telecommunications sector to new investment and technology while explicitly excluding Chinese companies, a move that could reshape a market where Huawei and ZTE have become deeply embedded and give Western suppliers an opening as the country expands its 5G networks. The US Treasury Department’s Office of Foreign Assets Control (OFAC) on Friday issued two general licences easing some sanctions restrictions on Venezuela’s telecommunications sector,…

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