This undated photo shows logo of Huawei. (PHOTO / IC)             

STOCKHOLM — The Swedish Post and Telecom Authority (PTS) said Friday that there will be no ban on Huawei as Sweden moves forward with plans to roll out 5G technology in the country.

Sweden's 5G frequency licenses will be assigned following an auction on Oct 13, Anna Beckius, head of the spectrum analysis unit at PTS, told Swedish Television (SVT) on Friday.

Sweden's 5G frequency licenses will be assigned following an auction on Oct 13

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Although Chinese tech company Huawei will not be automatically excluded from the bidding process, any company that wants to take part in the auction must first undergo a review by the Swedish Armed Forces and the Swedish Security Service, according to PTS.

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Beckius said that "it will be up to the mobile operators to determine whether or not 5G can become a reality."

Next-generation 5G wireless networks could give Swedes up to 10 times faster web speeds than current 4G technology allows.