The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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: 105.10
Bid: 105.00
Ask: 105.10
Change: 0.00 (0.00%)
Spread: 0.10 (0.095%)
Open: 0.00
High: 0.00
Low: 0.00
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

UK PM Johnson Set To Bar Huawei From Britain's 5G Network

Tue, 14th Jul 2020 06:58

(Alliance News) - UK Prime Minister Boris Johnson is set to bar the Chinese tech giant Huawei from playing any role in Britain's 5G network, triggering a renewed clash with Beijing.

Johnson is chairing a meeting on Tuesday of the National Security Council, which is expected to end any involvement by the firm in building the 5G system.

The decision – following intense pressure from both the US administration of Donald Trump and backbench Tory MPs – marks a major U-turn by the government.

In January, ministers announced Huawei could play a limited role in the 5G network, despite warnings that its equipment could be used by China for espionage or to disrupt the UK's critical national infrastructure.

However, it is expected that the government will now announce that no new Huawei equipment can be installed in the network from as early as next year.

It also expected to announce a so-called "rip out" date by which all the existing Huawei equipment must be removed.

Details will be set out by Culture Secretary Oliver Dowden in a Commons statement following the NSC meeting.

Meanwhile, it has been reported that the first of the Royal Navy's new aircraft carriers could be deployed to the Far East to counter growing Chinese assertiveness.

The Times reported plans were being drawn up for HMS Queen Elizabeth to take part in exercises in the region with the US and Japan, on its maiden grand voyage next year.

A Ministry of Defence spokesman said: "No decision has been made on HMS Queen Elizabeth's deployment."

Some Tory MPs have been pressing for a "rip out" deadline for Huawei to be set before the next general election – due in 2024 – amid fears of a lobbying campaign by the firm to reverse the decision.

BT Group PLC Chief Executive Philip Jansen warned on Monday that removing Huawei kit from the 5G network could take five to seven years, while taking it out of the entire UK telecoms network could require a decade.

Last week China's ambassador to the UK, Liu Xiaoming, urged the government not to shut out Huawei warning there would be "consequences" if Britain tried to treat China as a "hostile country".

Relations between the two countries were already under intense strain after Britain offered three million Hongkongers a path to settle in the UK following the imposition by Beijing of a new national security law on the former British colony.

While many MPs have urged the government to take a tough line with China, others fear the consequences of a prolonged stand-off at a time when the world economy is struggling to recover from the coronavirus crisis.

Ministers have indicated that they were forced to act over Huawei after the US imposed tough new sanctions banning the firm from using any American components in its products.

The National Cyber Security Centre – which previously supported the decision to allow it a limited role in the 5G network – is said to have advised that the move means its equipment could no longer be considered secure.

Ahead of the announcement Tory backbencher Bob Seely, who has acted as the co-ordinator of the 60-strong Huawei Interest Group of MPs – said members would be looking closely at both the proposed "new kit" and "rip out" deadlines.

He warned the government could face a backbench rebellion when the Telecoms Security Bill comes to the Commons later this year if they tried to push the "rip out" date to the end of the decade.

"If there isn't a date after which telecoms companies cannot install Huawei kit, parliamentarians will be concerned that Huawei and China could continue to insert kit whilst lobbying hard to reverse Government decisions," he said.

"On the other hand, an announcement of no new Huawei kit allowed within 12 months would reassure colleagues."

By Gavin Cordon, PA Whitehall Editor

source: PA

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
10 Jul 2023 08:21

TOP NEWS: BT Chief Executive Philip Jansen to resign next year

(Alliance News) - BT Group PLC announced on Monday that its Chief Executive Philip Jansen has announced his intention to step down from his role, at the appropriate moment, over the next twelve months.

Read more
10 Jul 2023 07:47

LONDON BRIEFING: BT CEO Philip Jansen to step down next year

(Alliance News) - Stocks in London are called lower on Monday, after soft economic data from China pointed to a weak demand outlook.

Read more
10 Jul 2023 07:08

Jansen to step down from BT amid takeover rumours

(Sharecast News) - BT Group announced on Monday that its chief executive Philip Jansen had decided to step down from his position in the next 12 months, after spending four-and-a-half years in the role.

Read more
10 Jul 2023 06:48

LONDON MARKET EARLY CALL: Stocks to fall amid Chinese deflation

(Alliance News) - Stocks in London are set to open lower on Monday, as the latest data from China added to a gloomy global economic outlook.

Read more
9 Jul 2023 22:41

Sunday newspaper round-up: BT Group, Aston Martin, MPs

(Sharecast News) - BT has intensified its preparations to see off a possible takeover bid by its major shareholder Deutsche Telekom. For months now, the telecoms services provider had been working with Robey Warshaw and Goldman Sachs to prepare against such a scenario. Speculation in that regard was reaching a crescendo both in the City and within the sector, due to BT's need to invest £15bn in its new fibre-optic broadband network and multiple potentially destabilising factors. - The Sunday Telegraph

Read more
6 Jul 2023 15:46

UK shareholder meetings calendar - next 7 days

Friday 7 July 
Griffin Mining LtdAGM
GRIT Investment Trust PLCAGM
Liontrust Asset Management PLCGM re takeover by GAM Holding AG and share cancellation
Nanoco Group PLCGM re cancellation of Share Premium Account
Monday 10 July 
Altona Rare Earths PLCGM re admission to LSE
Financials Acquisition CorpGM re extension of business combination deadline
More Acquisitions PLCAGM
N Brown Group PLCAGM
National Grid PLCAGM
Sirius Real Estate LtdAGM
TruFin PLCGM re open offer shares
Tuesday 11 July 
Active Energy Group PLCAGM
British Land Co PLCAGM
Octopus Apollo VCT PLCAGM
Windar Photonics PLCAGM
Wednesday 12 July 
Bytes Technology Group PLCAGM
Burberry Group PLCAGM
Capital Metals PLCGM re change of registered office
LondonMetric Property PLCAGM
Safestore Holdings PLCAGM
Steppe Cement LtdAGM
Wincanton PLCAGM
Thursday 13 July 
Aminex PLCAGM
BATM Advanced Communications LtdAGM
BT Group PLCAGM
C&C Group PLCAGM
CT Automotive Group PLCAGM
DCC PLCAGM
Donegal Investment Group PLCAGM
Dr Martens PLCAGM
Helical PLCAGM
Personal Assets Trust PLCAGM
Renewi PLCAGM
RS Group PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
28 Jun 2023 11:57

LONDON MARKET MIDDAY: Stocks upbeat ahead of central banking panel

(Alliance News) - Stock prices in London were higher at midday on Wednesday, as investors eagerly awaited a panel featuring the chiefs of the four largest central banks, hoping for hints on the future direction of monetary policy.

Read more
28 Jun 2023 11:08

TOP NEWS: Ofcom investigates BT after UK emergency call disruption

(Alliance News) - Ofcom on Wednesday said it has launched an investigation into BT Group PLC after a disruption to UK emergency call services.

Read more
27 Jun 2023 16:58

LONDON MARKET CLOSE: FTSE 100 edges up after strong start in New York

(Alliance News) - Blue-chip equities in Europe ended higher on Tuesday, though the FTSE 100 underperformed and ended with only a minor gain, as initial bullish trade following optimism out of China gave way to caution as the day wore on.

Read more
27 Jun 2023 16:55

London stocks rise on China recovery hopes; energy shares fall

China's Premier Li says will take steps to boost demand

*

Read more
27 Jun 2023 09:43

UBS downgrades BT Group to 'sell', shares slide

(Sharecast News) - BT Group tumbled on Tuesday after UBS downgraded the shares to 'sell' from 'neutral' and cut the price target to 120p from 146p, as it assumed a halving of the dividend amid free cash flow pressures.

Read more
27 Jun 2023 08:57

LONDON BROKER RATINGS: UBS cuts BT'; HSBC starts Smiths with 'hold'

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

Read more
27 Jun 2023 07:56

LONDON BRIEFING: Stocks called up; record profit for Telecom Plus

(Alliance News) - Stock prices in London were set to open higher on Tuesday, following a positive session for equities in Hong Kong and Shanghai.

Read more
26 Jun 2023 17:11

HSBC says to shift global headquarters to London finance district

(Alliance News) - Banking firm HSBC Holdings PLC will switch global headquarters to London's traditional City finance district, from its current Canary Wharf base in the east of the capital, it said Monday.

Read more
26 Jun 2023 06:01

BT apologises for faults that hampered UK's 999 emergency call service

(Alliance News) - BT Group PLC has apologised "sincerely" for technical faults as the primary 999 emergency call service was restored.

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.