REMINDER: Our user survey closes on Friday, please submit your responses here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBT Share News (BT.A)

Share Price Information for BT (BT.A)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 105.45
Bid: 105.10
Ask: 105.20
Change: 0.35 (0.33%)
Spread: 0.10 (0.095%)
Open: 106.45
High: 106.90
Low: 105.10
Prev. Close: 105.10
BT.A Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Huawei Poses New Risks To UK Telecom Networks, Says Government

Fri, 20th Jul 2018 15:38

LONDON (Alliance News) - A Government investigation into the use of Huawei’s equipment across UK telecommunication networks has exposed “new risks”.

The Huawei Cyber Security Evaluation Centre Oversight Board published a report saying there are “shortcomings” in the Chinese firm’s engineering processes, meaning it could only provide “limited assurance” over the risk to UK national security.

“Huawei’s processes continue to fall short of industry good practice and make it difficult to provide long-term assurance,” the board said.

It added that a lack of progress fixing the issues was “disappointing” and would require “significant work”.

The board – made up of UK security officials – also found “security-critical third party software used in a variety of products was not subject to sufficient control”, following a technical visit to Huawei’s site in Shenzhen last year.

Huawei said: “The Oversight Board has identified some areas for improvement in our engineering processes.

“We are grateful for this feedback and committed to addressing these issues.

“Cyber security remains Huawei’s top priority, and we will continue to actively improve our engineering processes and risk management systems.”

The report is the fourth of its kind. The board was set up in 2010 in response to the Chinese firm’s increased collaboration with British-based telecom giants including BT PLC, O2 and TalkTalk Telecom Group PLC.

Huawei, the world’s biggest telecoms equipment supplier, signed a GBP10 billion deal with BT in 2005 to help upgrade its network.

In 2013, Parliament’s intelligence and security committee criticised the Government for not investigating the use of Huawei’s equipment and said it was “shocked” that ministers had not been informed about the company’s involvement with BT eight years ago.

Huawei has also faced scrutiny in the US, where a deal between the country’s AT&T operator to sell Huawei’s smartphones was called off in January.

Six senior intelligence chiefs, including the heads of the CIA, FBI, NSA and national intelligence, recently warned against using smartphones made by Huawei and its Chinese rival ZTE.

“We’re deeply concerned about the risks of allowing any company or entity that is beholden to foreign governments that don’t share our values to gain positions of power inside our telecommunications networks,” FBI director Chris Wray said in February.

Huawei responded, saying it is “trusted by governments and customers in 170 countries worldwide and poses no greater cybersecurity risk than any ICT vendor”.

By Jamie Harris, Press Association Technology Reporter

source: Press Association

More News
1 May 2024 09:26

LONDON BROKER RATINGS: UBS double upgrades AJ Bell to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

Read more
4 Apr 2024 15:58

London close: Stocks manage gains ahead of US payrolls report

(Sharecast News) - London markets closed higher on Thursday, driven by a robust showing from the mining sector and as investors contemplated the UK services sector's latest figures.

Read more
4 Apr 2024 11:56

BT Group shares ripe for a re-rating, says JPMorgan

(Sharecast News) - Shares of BT Group appear heavily undervalued and "ripe for a major re-rating", JPMorgan Cazenove said in a note on Thursday.

Read more
4 Apr 2024 08:47

LONDON MARKET OPEN: Shares rise despite US interest rate unease

(Alliance News) - London's FTSE 100 edged higher on Thursday morning, despite lingering US interest rate worries hanging over equities, while gold notched another record high in earlier trade.

Read more
2 Apr 2024 12:24

Heathrow executive Emma Gilthorpe to take the helm at Royal Mail

(Alliance News) - International Distributions Services PLC's Royal Mail has ended its hunt for a new top boss after appointing Heathrow Airport senior executive Emma Gilthorpe to the helm at a crucial time for the postal service.

Read more
28 Mar 2024 15:46

IN BRIEF: BT Group CEO Allison Kirkby buys GBP55,000 in shares

BT Group PLC - London-based telecommunications operator - Chief Executive Allison Kirkby buys 50,000 shares at GBP1.09 each, worth GBP54,500, in London on Thursday.

Read more
4 Mar 2024 11:52

LONDON MARKET MIDDAY: Stocks mostly lower ahead of UK Spring budget

(Alliance News) - Stock prices in London were mostly lower at midday Monday, as the week started off on a quiet note ahead of a busy week of monetary policy decisions and economic data from across the globe.

Read more
4 Mar 2024 08:59

LONDON BROKER RATINGS: Jefferies says buy BP; UBS says buy Compass

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

Read more
4 Mar 2024 07:41

LONDON BRIEFING: Stocks called down; attention on UK's spring budget

(Alliance News) - Stocks in London are called to open lower, ahead of a busy week of economic news.

Read more
21 Feb 2024 15:01

London close: Stocks mixed ahead of Fed minutes, Nvidia results

(Sharecast News) - London's stock markets closed with a mixed performance on Wednesday, as investors awaited updates from the US Federal Reserve and results from AI chipmaker Nvidia.

Read more
21 Feb 2024 09:45

Iconic BT Tower to be turned into hotel in £275m deal

(Sharecast News) - BT Group said on Wednesday that it has agreed to sell the BT Tower to MCR Hotels for £275m.

Read more
21 Feb 2024 09:03

BT Group to sell BT Tower to MCR Hotels for GBP275 million

(Alliance News) - BT Group PLC on Wednesday said that it has agreed to sell the BT Tower to MCR Hotels, which plans to preserve the building as a landmark hotel.

Read more
20 Feb 2024 17:25

IN BRIEF: BT CEO Allison Kirkby buys GBP428,000 in shares

BT Group PLC - London-based telecommunications operator - Chief Executive Allison Kirkby buys 400,000 shares at GBP1.07 each, worth GBP428,000, in London on Tuesday.

Read more
14 Feb 2024 15:17

PRESS: Brussels open to telecoms mergers to support investment - FT

(Alliance News) - Brussels has signalled it is open to European telecoms mergers to help fund the rollout of 5G and update ageing networks, a report said Wednesday.

Read more
2 Feb 2024 16:59

London close: Stocks mixed as US payrolls come in red-hot

(Sharecast News) - London's stock markets closed with mixed results on Friday, as investors were confronted by an unexpectedly strong US labour market as revealed in the latest US non-farm payrolls report.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.