Money

Huawei to request UK to delay 5G network removal – The Times


© Reuters. FILE PHOTO: The British flag and a smartphone with a Huawei and 5G network logo are seen on a PC motherboard in this illustration

(Reuters) – China’s Huawei Technologies [HWT.UL] has requested a meeting with UK Prime Minister Boris Johnson to work out a deal to delay its potential removal from the country’s 5G phone network, the Sunday Times newspaper reported on Sunday.

The Chinese telecoms equipment maker is seeking to delay its removal from the from the country’s 5G telecoms networks until after elections in June 2025, in the expectation that the new government may reverse the decision, the newspaper reported. https://

Huawei will in return pledge to maintain its equipment in the UK, which is also used in the 2G, 3G and 4G networks, the report added.

Britain granted Huawei a limited role in its future 5G networks in January, but ministers have since said the introduction of U.S. sanctions on the company means it may no longer be a reliable supplier.

Johnson has faced intense pressure from the United States and some British lawmakers to ban the telecommunications equipment maker on security grounds.

China’s ambassador to London, Liu Xiaoming, warned last week that getting rid of Huawei would send a “very bad message” to Chinese business.

A government update on the Chinese company is expected to be published before July 22, according to a government minister and official.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

READ  Some UK property funds ban withdrawals over coronavirus

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





READ SOURCE

Leave a Reply