|Bid||64.500 x 0|
|Ask||64.550 x 0|
|Day's range||63.100 - 65.250|
|52-week range||45.800 - 65.250|
|Beta (5Y monthly)||1.13|
|PE ratio (TTM)||6.24|
|Earnings date||18 Mar 2021|
|Forward dividend & yield||2.31 (3.63%)|
|Ex-dividend date||18 May 2021|
|1y target est||111.06|
Mobile customers who haggle for better deals when their phone contracts come to an end could save up to £96 a year, consumer group Which? revealed.
(Bloomberg) -- The U.K. will spend 250 million pounds ($333 million) to diversify its sources of 5G wireless equipment after banning China’s Huawei Technologies Co. from supplying the next-generation technology.Huawei is set to be excluded from British 5G networks by 2027 due to security concerns, leaving phone carriers reliant on a supply duopoly of Finland’s Nokia Oyj and Sweden’s Ericsson AB.Around 50 million pounds of the total will be spent next year to help build “a secure and resilient 5G network” according to documents published Wednesday as part of Chancellor of the Exchequer Rishi Sunak’s spending review.The resulting reduction in competition could hurt security and push up prices, so U.K. Digital Secretary Oliver Dowden has started a task force to increase the number of suppliers. He’s set to publish more details before the end of the year.Britain’s crackdown on Huawei came in July after U.K. officials said U.S. sanctions made it impossible to verify the security of Huawei’s supply chain. The White House accuses Huawei of being a security risk, which the company has always denied.Since then, Nokia and Ericsson have already won major contracts from British carriers like BT Group Plc and CK Hutchison Holdings’s Three UK.The phone industry is banking that longer-term initiatives such as OpenRAN -- a project to make mobile network equipment more inter-operable and encourage new suppliers -- will eventually introduce more competition.Other large global suppliers like Korea’s Samsung Electronics Co Ltd don’t currently offer the right kind of equipment to win immediate big deals with British carriers.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg) -- The U.K. is considering a ban on the installation of Huawei Technologies Co. 5G equipment as soon as next year to appease hawks pushing for tighter restrictions on the Chinese network equipment maker, according to people familiar with the matter.Legislators from Prime Minister Boris Johnson’s Conservative Party are demanding the stricter rules as part of the price for backing telecommunications security legislation due in parliament next week.The draft law will give parliament a chance to force carriers to replace 5G equipment well before a blanket ban is enforced in 2027. Any further installations of Huawei equipment by carriers would carry fines of as much as 10% of sales or 100,000 pounds a day ($133,000).The government already set limits on telecom companies including BT Group Plc, Vodafone Group Plc and CK Hutchison Holdings Ltd.’s Three UK buying gear from Huawei that are set to kick in after December. However, there are no rules yet barring the companies from using Huawei equipment they already bought but haven’t yet installed.Carriers have been stockpiling parts made by Huawei while sourcing alternatives. Stopping them using those stockpiled parts could increase their costs as they would be forced to speed up the overhaul of their networks, according to people familiar with phone companies’ plans.Under the new proposal, that ban could come into force as soon as September next year, the people said, asking for anonymity as the talks are confidential.A representative for the government’s Department for Digital, Culture, Media and Sport had no immediate comment.“We will be working through the details of any planned rules restricting procurement or deployment of Huawei equipment,” said a BT spokesman. “We would encourage the Government to continue to take balanced and evidence-based decisions.”In January, the U.K. granted Huawei a limited role in 5G networks, leading to a parliamentary rebellion. Prime Minister Boris Johnson reversed his position in July, after U.S. sanctions introduced in May affected Huawei’s supply chain. British officials said the change meant they were no longer able to guarantee the security of the Shenzhen company’s products.The latest proposals may not go far enough for some lawmakers, who are calling for the government to consider forcing carriers to remove Huawei equipment from their 5G networks earlier than the current 2027 plan.The current draft of the telecommunications bill grants the government broad powers to enforce a moratorium against Huawei, but leaves important details to be nailed down later on and doesn’t mention Huawei by name, angering potential Conservative rebels who want more specific commitments.Lawmakers are set to debate the bill next week. The draft legislation proposes fines of as much as 10% of sales or 100,000 pounds a day ($133,000) for violations, which will apply to carriers including BT, Vodafone and CK Hutchison Holdings Ltd.’s Three UK.The U.S. has campaigned for its allies to exclude Huawei on the grounds its proximity to China’s government constitutes an unacceptable security risk, which the company has denied.Without Huawei, U.K. mobile networks will lean heavily on its Nordic rivals Nokia Oyj and Ericsson AB. The government is due to publish more details about diversifying the U.K. 5G supply chain in the next few weeks.(Updates with detail in third paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.