Chinese smartphone maker Huawei is willing to share its know-how of existing 5G technology for a fee with a western firm said, Founder and CEO Ren Zhengfei, in interviews with The Economist and the New York Times.

According to a report in the BBC, while the US and Australia have banned their networks from using Huawei’s equipment, the UK is still undecided about the matter. Huawei has repeatedly accused of spying for the Chinese government, to which the company denied.

“Huawei is open to sharing our 5G technologies and techniques with US companies so that they can build up their own 5G industry,” the NYT quoted Zhengfei.

Ren said, “This would create a balanced situation between China, the US, and Europe. Huawei would be looking for a buyer based outside Asia, somewhere in the West.”

In the interview to The Economist, Ren said that for a one-off payment a buyer would be given access to the company’s portfolio of huge 5G patents, licenses, code, technical blueprints as well as production expertise.

(With input from agencies)