🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

UK's BT, Vodafone may seek PM Johnson's support for Huawei: sources

Published 01/17/2020, 11:24 AM
Updated 01/17/2020, 11:26 AM
© Reuters.  UK's BT, Vodafone may seek PM Johnson's support for Huawei: sources
VOD
-

LONDON (Reuters) - Britain's BT and Vodafone (LON:VOD) are considering urging Prime Minister Boris Johnson not to risk the rollout of next generation mobile networks by banning China's Huawei [HWT.UL], sources said, confirming a Sky News report on Friday.

Britain is set to take a final decision on Huawei's role in building new 5G networks this month.

U.S. government officials have pushed for a total ban on Huawei on security grounds, and reports said they presented new evidence on Monday about the risks of using the Chinese company's equipment, branding it "madness".

BT and Vodafone, Britain's two largest telecoms companies, are considering writing to Johnson to say they have seen no evidence that would justify a total ban and to urge him to make a fact-based decision, the sources said.

Vodafone, which uses Huawei's equipment in its radio network, has previously said a blanket ban on the Chinese company would costs it millions of pounds and significantly slow down the roll-out of 5G networks.

It paused the deployment of the company's equipment in its data-heavy core networks, a year ago until Western governments give the company a full security clearance.

BT also uses Huawei's equipment in networks, but it is not deployed in the intelligent core of its fixed-line network and it is removing it from the core of its mobile network. In addition, it has excluded Huawei from the bidding process for its future 5G network.

Huawei vice president Victor Zhang said on Tuesday he was confident the UK government would make a decision based upon evidence, "as opposed to unsubstantiated allegations".

"Two UK parliamentary committees concluded there is no technical reason to ban us from supplying 5G equipment and this week the head of (security service) MI5 said there is 'no reason to think' the UK's intelligence-sharing relationship with the U.S. would be harmed if Britain continued to use Huawei technology," he said.

BT and Vodafone declined to comment on the letter.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.