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LONDON/BRUSSELS, Feb 20 (Reuters) - Britain is able to manage the security risks of using Huawei telecoms equipment and has not seen any evidence of malicious activity by the company, a senior official said on Wednesday, pushing back against U.S. allegations of Chinese state spying. Ciaran Martin, head of Britain's National Cyber Security Centre (NCSC), said Britain had yet to decide on its security policy for national 5G networks, but that Huawei equipment was subject to detailed oversight and strict government controls over where it was used.
The telecoms industry has called on European governments to join mobile operators in establishing a testing regime to protect network security without having to resort to the disruptive step of excluding vendors from the market. The initiative by the GSMA, which represents 800 operators worldwide, comes as the United States steps up pressure on its allies to ban China's Huawei Technologies on national security grounds. Operators warn that such a step would disrupt the supply of equipment, increase costs to them and their customers, delay the rollout of next-generation 5G services by years, and potentially hobble existing networks.
Italy has denied a report it will ban China's Huawei Technologies and ZTE Corp (Xetra: A0M4ZP - news) from playing a role in building its fifth-generation mobile phone network. "We have no intention of adopting any such initiatives," the industry ministry said in a statement. Huawei, the world's biggest producer of telecoms equipment, faces international scrutiny over its ties with the Chinese government and suspicion Beijing could use its technology for spying, something the company has denied.
Vodafone has suspended the use of Huawei equipment in its core networks, amid mounting security concerns about the Chinese firm's technology. The move by the mobile giant follows claims that Huawei's hardware could be used by Beijing for spying or to seize control of critical infrastructure. The US along with Australia and New Zealand have already banned Huawei from their faster 5G networks because of alleged links to the Chinese regime.
Vodafone has suspended the use of Huawei equipment in its core networks, amid mounting security concerns about the Chinese firm's technology. The US along with Australia and New Zealand have already banned Huawei from their faster 5G networks because of alleged links to the Chinese regime.
Vodafone, the world's second largest mobile operator, said it was "pausing" the deployment of Huawei equipment in its core networks until Western governments give the Chinese firm full security clearance. The United States and some allies, including Australia and New Zealand, have banned Huawei from 5G networks because of alleged ties to the Chinese government, while the firm has denied that its technology could be used by Beijing for spying. Vodafone's Chief Executive Nick Read said on Friday after reporting third-quarter results that the debate was playing out at a "too simplistic level", adding that Huawei was an important player in an equipment market which it dominates along with Ericsson Sweden's Ericsson (Hanover: ERCB.HA - news) and Nokia (Milan: 23568.MI - news) .
Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Julien Ponthus. Reach him on Messenger to share your thoughts on market ...
For days now, German Foreign Minister Heiko Maas has been niggling away at the idea that there can be new talks with Britain on Brexit. Late last night, Maas said "we need to talk" about whether the accord can be opened, and recalled that any change would require the assent of all 27 other EU states. Bear in mind that the default EU stance is that it can only review its stance on future ties if Britain changes its stance, for example if Britain says it wants a softer Brexit.
French telecoms group Orange is considering a bid for Spanish competitor Euskaltel, a move which would consolidate its market position as number two in Spain, according to a source with knowledge of the ...
French telecoms company Orange has hired Credit Suisse as an adviser to look into a potential bid for Spanish competitor Euskaltel, online newspaper TMT Finance reported on Thursday. "Orange Group ...
Two men working in the telecommunications industry have been arrested in Poland on suspicion of espionage. A Chinese employee of Huawei and a Polish man, who is reportedly a former counter-intelligence officer, have been taken into custody. The Polish national, named by TVP as "Pior D", was reportedly a former employee of Orange (LSE: 0OQV.L - news) .
European shares opened higher on Friday, surfing on a global recovery rally which has lifted stocks from the lows hit just after Christmas thanks to optimism on Sino-U.S. trade talks and a more dovish ...
** JP Morgan sees little justification for buying Telcos on fundamental grounds, with sector revenue growth still elusive and relative valuation unexciting ** However, brokerage says out-performance could ...
The launch of fifth-generation mobile services across Europe looks set to trigger a wave of infrastructure deals as telecoms companies seek ways to upgrade their networks without busting their strained capital budgets. The region lags the United States and parts of Asia on rolling out 5G services - such as providing wireless broadband to the home and powering connected factories.
MADRID, Oct (Shenzhen: 000069.SZ - news) 30 (Reuters) - Spain's Telefonica (LSE: 826858.L - news) gained 90,000 mobile clients in its domestic market in August, thanks to its bet on broadcasting soccer just as Britain's Vodafone stopped buying the rights to key matches. It is the first time that Telefonica has led the market in adding customers for broadband and mobile, according to Spanish regulator CNMC. Telefonica and Orange (LSE: 0OQV.L - news) both sweetened their offers during the summer to attract Vodafone's 400,000 Spanish television subscribers who pay for football add-ons, but the French operator lost almost 11,000 mobile clients in August.
* European benchmarks called lower * Nasdaq had worst day since Aug 2011 * ECB meeting in focus * Earnings flow in from UBS, ABB, Equinor Oct 25 - Welcome to the home for real-time coverage of European ...
There are a number of reasons that attract investors towards large-cap companies such as Orange SA (EPA:ORA), with a market cap of €36.55b. Market participants who are conscious of riskRead More...
The merger music is playing again in France’s telecom industry, two years after the last failed takeover attempt. Consolidation returned as a hot topic when Bloomberg reported in April that Bouygues SA was considering teaming up with investment firms to bid for Patrick Drahi’s struggling French business, Altice Europe NV’s SFR. Bouygues has since confirmed an approach, without naming the target.
The majority shareholder of Iliad SA helped create much of the turmoil in the French mobile phone market by undercutting the prices charged by incumbents Orange SA, Bouygues SA and Altice Europe NV’s SFR. Now the tables have turned, and those rivals are beating Iliad with their own low-cost offerings. The upshot is that Iliad’s mobile and broadband subscriber numbers both fell in the first half.
In this article, I will take a look at Orange SA’s (EPA:ORA) most recent earnings update (30 June 2018) and compare these latest figures against its performance over the pastRead More...