Advertisement
UK markets closed
  • FTSE 100

    8,420.26
    -18.39 (-0.22%)
     
  • FTSE 250

    20,749.90
    -72.94 (-0.35%)
     
  • AIM

    794.02
    +1.52 (+0.19%)
     
  • GBP/EUR

    1.1686
    +0.0032 (+0.27%)
     
  • GBP/USD

    1.2705
    +0.0034 (+0.27%)
     
  • Bitcoin GBP

    52,671.80
    +1,395.47 (+2.72%)
     
  • CMC Crypto 200

    1,365.47
    -8.37 (-0.61%)
     
  • S&P 500

    5,303.27
    +6.17 (+0.12%)
     
  • DOW

    40,003.59
    +134.21 (+0.34%)
     
  • CRUDE OIL

    79.96
    +0.73 (+0.92%)
     
  • GOLD FUTURES

    2,420.30
    +34.80 (+1.46%)
     
  • NIKKEI 225

    38,787.38
    -132.88 (-0.34%)
     
  • HANG SENG

    19,553.61
    +177.08 (+0.91%)
     
  • DAX

    18,704.42
    -34.39 (-0.18%)
     
  • CAC 40

    8,167.50
    -20.99 (-0.26%)
     

Vodafone will remove Huawei from its core networks

FILE PHOTO: Logos of 5G technology and telecommunications company Vodafone

LONDON (Reuters) - Vodafone, the world's second largest mobile operator, will remove equipment made by Huawei from the sensitive core of its mobile networks in Europe after Britain decided to restrict the Chinese company's role in 5G.

"We have now decided as a result of the EU toolbox and the UK government's decision to take out Huawei from the core," Chief Executive Nick Read told reporters on Wednesday.

"This will take around five years to implement at a cost of approximately 200 million euros," he said.

(Reporting by Paul Sandle; editing by James Davey)