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Pin to quick picksBT Share News (BT.A)

Share Price Information for BT (BT.A)

London Stock Exchange
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Share Price: 105.10
Bid: 105.00
Ask: 105.10
Change: 1.55 (1.50%)
Spread: 0.10 (0.095%)
Open: 104.15
High: 106.25
Low: 103.60
Prev. Close: 103.55
BT.A Live PriceLast checked at -

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UPDATE 1-BT warns UK that banning Huawei too fast could cause outages

Mon, 13th Jul 2020 08:08

(Recasts headline, adds details)

LONDON, July 13 (Reuters) - BT CEO Philip Jansen
urged the British government on Monday not to move too fast to
ban China's Huawei from the 5G network, cautioning that there
could be outages and even security issues if it did.

Prime Minister Boris Johnson is due to decide this week
whether to impose tougher restrictions on Huawei, after intense
pressure from the United States to ban the Chinese telecoms
behemoth from Western 5G networks.

Johnson in January defied President Donald Trump and granted
Huawei a limited role in the 5G network, but the perception that
China did not tell the whole truth over the coronavirus crisis
and a row over Hong Kong has changed the mood in London.

"If you are to try not to have Huawei at all, ideally we
would want seven years and we could probably do it in five,"
Jansen told BBC radio.

Asked what the risks would be if telecoms operators were
told to do it in less than five years, Jansen said: "We need to
make sure that any change of direction does not lead to more
risk in the short term."

"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 said.

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.

The United States says Huawei is an agent of the Chinese
Communist State and cannot be trusted.

Huawei, the world's biggest producer of telecoms equipment,
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.
(Reporting by Guy Faulconbridge, editing by William James and
David Milliken)

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