By Adedapo Adesanya
The United Kingdom on Tuesday banned Chinese telecommunications giant, Huawei, from supplying new equipment to the country’s 5G network, rescinding earlier support granted by the Boris Johnson government.
In a meeting, Mr Johnson’s National Security Council agreed on Tuesday that existing Huawei equipment must also be stripped from 5G networks by 2027, with a promise that it could be earlier than that.
This line of action follows sanctions imposed by the United States, which claims the firm poses a national security threat – something Huawei denies.
Operators will not be able to purchase 5G components from Huawei from the end of this year and were told to remove all existing Huawei gear made by the Chinese telecoms behemoth from the 5G network by 2027.
“The NCSC (National Cyber Security Centre) has now reported to ministers, that they have significantly changed their security assessment of Huawei’s presence in the UK’s 5G network,” said Media Secretary Oliver Dowden to the House of Commons after Mr Johnson chaired a meeting of Britain’s National Security Council (NSC).
The NSC, attended by senior ministers and security chiefs, concluded that further US sanctions on Huawei, introduced in May, meant that the Chinese company’s equipment could no longer be fully trusted for use in Britain’s new telecoms infrastructure.
He admitted the ban on Huawei could delay the full rollout of 5G networks in Britain by two years and add hundreds of millions of pounds to its costs.
The UK’s full-fibre broadband operators will also be given two years to “transition” away from the purchase of Huawei equipment. However, the Chinese company’s existing kit used for 2G, 3G and 4G networks is deemed secure and will not have to be removed.
The 5G decision represents a significant strategic victory for US President Donald Trump, whose administration has been urging Mr Johnson to kick Huawei out of Britain on security grounds for months.
Mr Trump’s latest sanctions would stop Huawei using US-made chips in its equipment, raising the prospect that the company would have to rely on China-made alternatives.
Earlier in the year, the British government agreed that Huawei company could take up to a 35 per cent share of the 5G market, a decision which disturbed the American government.
The decision is a huge blow for Huawei, which has operated in Britain for 20 years. Europe is a key market for the company, accounting for 24 per cent of sales last year.
Huawei on Monday announced half-year results earlier than usual, reporting slower revenue growth. The company is already experiencing a decline in smartphone sales, after the US blocked it from accessing popular Google apps, a decision many believe has made the phone less attractive in markets outside of China.
The blockchain brings new financing options to the business market. For example, Bitcoin Cash casino has adapted to only using cryptocurrency. This way, it makes it easier for their customers to deposit and withdraw in a BCH casino. Entrepreneurs have taken note of this and are looking to invest more in crypto than in fiat markets.
Like Our Facebook Page
Latest News on Business Post
- UK May Adopt Digital Currency April 19, 2021
- Leadway Assurance Seeks Cyber Insurance Acceptance April 19, 2021
- Explainer: The Controversy Around European Super League April 19, 2021
- Sub-Saharan Africa Must Embrace Data to Boost Growth—BCG April 19, 2021
- Experts to Discuss Tech, Digital Transformation at MSME Dialogue 3.0 April 19, 2021
- Ecobank Attracts Nigerians Abroad With Competitive Interest Rates April 19, 2021
- About Africa’s Overwhelming Dishonesty April 19, 2021
- 7 Top Financial Indicators You Should Monitor as a Business Owner April 19, 2021
- Arogundade Urges Companies to Emulate Rite Foods April 19, 2021
- Northern IPMAN Threatens Strike Over PEF Conflict April 19, 2021
Economy5 years ago
Kwara Disburses N1.7b For Projects
Technology4 months ago
How To Link Your MTN, Airtel, Glo, 9mobile Lines to NIN
Economy3 years ago
FAAC: FG, States, LGs Share N655.18b in January
Feature/OPED1 year ago
Davos was Different this year
Feature/OPED1 month ago
COVID and the Growth of Technology in Nigeria
Economy1 month ago
MBA Forex Blames CBN for Inability to Return Investors’ Funds
Banking3 years ago
Sort Codes of GTBank Branches in Nigeria
General2 years ago
Ikeja Electric Explains How to Get Prepaid Metres via MAP