Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video 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: 132.25
Bid: 132.20
Ask: 132.30
Change: 1.65 (1.26%)
Spread: 0.10 (0.076%)
Open: 131.80
High: 132.90
Low: 130.85
Prev. Close: 130.60
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

REFILE-UPDATE 2-Britain set to ban Huawei from 5G, though timescale unclear

Mon, 13th Jul 2020 08:08

(Adds dropped "to" in first paragraph)

* PM Johnson mulls banning Huawei from 5G

* UK to put national security first - minister

* Huawei denies it spies for China

* BT cautions over going too fast

By Paul Sandle and Guy Faulconbridge

LONDON, July 13 (Reuters) - Prime Minister Boris Johnson is
set to ban Huawei from Britain's 5G network in a landmark
decision that will anger Beijing but win plaudits from President
Donald Trump as the United States grapples with China's rising
economic and technological clout.

The United States has pushed Johnson to reverse his January
decision to grant Huawei a limited role in 5G, while London has
been dismayed by a crackdown in Hong Kong and by the perception
that China did not tell the whole truth over coronavirus.

Britain's National Security Council (NSC), chaired by
Johnson, will meet on Tuesday to discuss Huawei. Media Secretary
Oliver Dowden will announce a decision to the House of Commons
later in the day.

The immediate excuse for the about turn in British policy is
the impact of new U.S. sanctions on chip technology, which
London says affects Huawei's ability to remain a reliable
supplier in the future.

It is unclear how far Johnson will go on Tuesday. Operators
already had to cap Huawei's role in 5G at 35% by 2023. Reducing
it to zero over an additional two to fours years is now being
discussed, although some telecoms firms have warned that going
too fast could delay key technology and disrupt services.

Asked about Huawei in June, Johnson said he would protect
critical infrastructure from "hostile state vendors". Justice
Secretary Robert Buckland said on Monday the "priority" in the
decision would be national security.

The United States says Huawei, the world's biggest producer
of telecoms equipment, is an agent of the Chinese Communist
State and cannot be trusted.

Huawei denies it spies for China and has said the United
States wants to frustrate its growth because no U.S. company
could offer the same range of technology at a competitive price.

NEW COLD WAR?

In what some have compared to the Cold War antagonism with
the Soviet Union, the United States is worried that 5G dominance
is a milestone towards Chinese technological supremacy that
could define the geopolitics of the 21st century.

Angering China just as Britain extracts itself from the
European Union will put London firmly back on the side of its
closest ally, the United States.

It would also mark the end of what former Prime Minister
David Cameron cast as a "golden era" in ties with China.

China's ambassador to Britain said earlier this month a
U-turn on Huawei would damage Britain's image and it would have
to "bear the consequences" if it treated China as a hostile
country.

HUAWEI BANNED?

In January, Johnson defied Trump by allowing so-called
high-risk companies' involvement in 5G - including Huawei - to
be capped at 35%. He excluded such companies from the sensitive
5G "core", where data is processed, as well as critical networks
and locations such as nuclear and military sites.

Britain's major telecoms networks have said they need at
least five years, and ideally seven, to remove Huawei.

BT CEO Philip Jansen urged the government on Monday
not to move too fast on a ban, cautioning there could be outages
and even security issues if it did.

"If we get to a situation where things need to go very, very
fast, then you are into a situation where potentially service
for 24 million BT Group mobile customers is put into question -
outages," he told BBC radio.

Huawei has said the implications of the U.S. sanctions are
not yet clear, and it has urged Britain to wait. The Telegraph
newspaper said on Friday the government was expected to set a
deadline of 2025 for removing Huawei equipment.
(Reporting by Guy Faulconbridge and Paul Sandle, editing by
David Milliken and Mark Potter)

More News
20 Jan 2023 08:37

TOP NEWS: Land Securities taps former Kingfisher CEO Cheshire as chair

(Alliance News) - Land Securities PLC on Friday said it appointed Ian Cheshire as chair to take over from Cressida Hogg in May.

Read more
10 Jan 2023 10:11

LONDON BROKER RATINGS: Jefferies likes Inchcape; HSBC cuts Clarkson

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

Read more
9 Jan 2023 10:10

Citi upgrades BT Group to 'buy'

(Sharecast News) - Citi upgraded BT Group to 'buy' from 'neutral' on Monday as it argued that pricing momentum could offset free cash flow headwinds.

Read more
9 Jan 2023 09:49

LONDON BROKER RATINGS: Peel Hunt raises real estate; UBS cuts Ashmore

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

Read more
9 Jan 2023 08:52

LONDON MARKET OPEN: FTSE 100 hits near four-and-a-half year high

(Alliance News) - London's FTSE 100 reached heights not seen since 2018 in early trade on Monday, as optimism out of China and hope that the US Federal Reserve will slow its pace of rate hikes lifted the mood.

Read more
9 Jan 2023 07:26

Vodafone to receive $1.8 bln from sale of Hungarian unit

Sells Hungarian unit to 4iG and Hungarian state

Read more
4 Jan 2023 12:21

LONDON MARKET MIDDAY: Markets upbeat as eyes turn to Fed minutes

(Alliance News) - Stock prices in London were higher at midday on Wednesday as investor sentiment remained buoyed, despite some mixed economic data, as traders look ahead to meeting minutes from the US Federal Reserve.

Read more
4 Jan 2023 09:38

LONDON BROKER RATINGS: Bernstein cuts Aveva to 'market-perform'

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

Read more
4 Jan 2023 08:55

Berenberg lowers target price on BT

(Sharecast News) - Analysts at Berenberg lowered their target price on telecommunications giant BT Group from £1.90 to £1.60 on Wednesday, stating "all eyes" will be on pricing moves.

Read more
4 Jan 2023 08:54

LONDON MARKET OPEN: Strong open despite strikes, inflation woe in UK

(Alliance News) - Stock prices in London opened higher on Wednesday, despite continued strikes weighing on the outlook for the UK economy, and the British Retail Consortium warning of a difficult year ahead for consumers.

Read more
4 Jan 2023 08:11

PRESS: BT to invest GBP5 million in drone startup - Bloomberg

(Alliance News) - BT Group PLC will take a stake in drone startup Altitude Angel Ltd, Bloomberg reported on Wednesday.

Read more
16 Dec 2022 08:55

TOP NEWS: BT combines Global and Enterprise units to single business

(Alliance News) - BT Group PLC on Friday said it will be combining its Global and Enterprise units into a single business-to-business unit called BT Business.

Read more
16 Dec 2022 07:53

LONDON BRIEFING: BT to combine units; Rio Tinto completes acquisition

(Alliance News) - Stocks in London are set to open higher on Friday as investors digest a series of central bank interest rate decisions in the past two days.

Read more
16 Dec 2022 07:03

BT Group merging two units in bid to save £100m a year

(Sharecast News) - BT Group on Friday said it was combining its global and enterprise units to create a new corporate operation, in a move designed to save £100m a year by the end of 2025.

Read more
14 Dec 2022 17:21

UK stocks close down ahead of Fed decision

FTSE 100 down 0.1%, FTSE 250 off 0.3%

*

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.