Germany has no plans to stop Chinese telecommunications giant Huawei from participating in build up of ultra-high speed internet, known as 5G, in the country if it complies with all the security requirements, the Financial Times reported on Sunday.

The president of the Bundesnetzagentur, the country's telecommunications regulator, told the FT that no equipment suppliers, including Huawei, "should, or may, be specifically excluded."

Jochen Homann told the newspaper that his agency has yet to see evidence that Huawei poses a security risk. He added that if Huawei meets the security requirements imposed by the regulator, it can take part in the 5G network roll-out.

Huawei is up against mounting worries that its technology will enable Chinese espionage through those high-speed mobile networks. The United States banned Huawei from selling 5G networking equipment to U.S. firms. Other countries have followed suit, including Australia, Japan and New Zealand. Huawei claims the security concerns are unfounded.