U.K. May Phase Out Huawei Tech in 5G Within Months: Telegraph
(Bloomberg) -- Boris Johnson is set to start phasing out the use of Huawei Technologies Co. equipment in Britain's 5G network as soon as this year, according to the Telegraph newspaper.
A report by the country's state intelligence agency due to be presented to the prime minister this week is expected to conclude that new U.S. sanctions on the Chinese company will force Huawei to use untrusted technology that could make security risks impossible to control, the Telegraph reported.
Officials are now drawing up proposals to stop installing new Huawei equipment in the 5G network in as little as six months, and to speed up the removal of technology that is already in place, according to the Telegraph. Culture Secretary Oliver Dowden is expected to provide Johnson with formal advice as soon as this week.
Dowden on Tuesday told Parliament that Huawei won't be part of the U.K.'s 5G telecoms networks in the long term, adding that he welcomes approaches from alternative vendors including South Korea's Samsung Electronics Co. and Japan's NEC Corp.
“Huawei is the most scrutinized vendor in the world and we firmly believe our unrivaled transparency in the U.K. means we can continue to be trusted to play a part in Britain's gigabit upgrade,” a Huawei spokesman told the paper. “It's important to focus on facts and not to speculate at this time.”
©2020 Bloomberg L.P.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
