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Share Price: 105.10
Bid: 105.00
Ask: 105.10
Change: 1.55 (1.50%)
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Open: 104.15
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UPDATE 3-UK to purge Huawei from 5G by 2027, angering China and pleasing Trump

Tue, 14th Jul 2020 08:45

* UK to purge Huawei from 5G by 2027

* No new 5G components to be bought from end of 2020
(Recasts with decision)

By Paul Sandle and Guy Faulconbridge

LONDON, July 14 (Reuters) - Prime Minister Boris Johnson
ordered Huawei equipment to be purged completely from Britain's
5G network by 2027, risking the ire of China by signalling that
the world's biggest telecoms equipment maker is no longer
welcome in the West.

The seven-year lag will please telecoms operators such as BT
, Vodafone and Three which feared they
would be forced to spend billions of pounds to rip out Huawei
equipment much faster. But it will delay the roll out of 5G.

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 the perception
China did not tell the whole truth over the coronavirus.

Britain's National Security Council (NSC), chaired by
Johnson, decided on Tuesday to ban the purchase 5G components
from the end of this year and to order the removal of all
existing Huawei gear from the 5G network by 2027.

The cyber arm of Britain's GCHQ eavesdropping agency, the
National Cyber Security Centre, told ministers it could no
longer guarantee the stable supply of Huawei gear after the
United States imposed new sanctions on chip technology.

Telecoms companies will also be told to stop using Huawei in
fixed-line fibre broadband within the next two years. Digital,
Culture, Media and Sport Secretary Oliver Dowden announced the
decision in parliament.

(Writing by Paul Sandle and Guy Faulconbridge
Editing by William Maclean and Peter Graff)

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14 Dec 2023 16:40

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(Sharecast News) - Two significant director dealings were disclosed to the market on Thursday, with one of Airtel Africa's shareholders crossing the 15% holding threshold, while BT's finance chief sold a chunk of his holding.

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12 Dec 2023 18:06

UK may ban some mid-contract mobile and broadband price hikes

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London close: Stocks slip as investors digest US inflation

(Sharecast News) - London's markets finished in the red on Tuesday, as investors digested a slight decrease in consumer inflation in the US, while the UK's unemployment figures remained stable.

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12 Dec 2023 12:07

London midday: FTSE still firmer ahead of US inflation print

(Sharecast News) - London's markets remained relatively stable by midday on Tuesday, with the top-flight index still in the green after fresh jobs data showed a slowdown in wage growth.

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12 Dec 2023 10:59

BT shares fall as regulator eyes ban on inflation-linked price hikes

Dec 12 (Reuters) - BT Group shares fell more than 4% on Tuesday after Britain's telecom regulator proposed a ban on inflation-linked price rises in the middle of customers’ mobile and broadband contracts.

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12 Dec 2023 10:37

UK telecom regulator eyes ban on inflation-linked contract price hikes

(Alliance News) - The UK telecommunications industry regulator on Tuesday said it wants to ban price hikes linked to inflation from customer contracts.

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12 Dec 2023 09:58

UK regulator seeks to ban telecom firms' inflation-linked mid-contract price hikes

LONDON, Dec 12 (Reuters) - Britain's telecom regulator Ofcom proposed banning inflation-linked price rises in the middle of customers’ mobile and broadband contracts, saying that the practice was unfair on consumers and hampering competition.

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12 Dec 2023 09:28

BT shares dip as regulator eyes ban on inflation-linked price hikes

Dec 12 (Reuters) - BT Group shares fell over 4% on Tuesday, with traders linking the drop to British communications regulator Ofcom proposing a ban on mid-contract price hikes linked to inflation.

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12 Dec 2023 08:48

Ofcom proposes ban on inflation-linked price rises

(Sharecast News) - Telecom firms were in the red on Tuesday, as the sector's regulator proposed a ban on inflation-linked mid-contract price rises.

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11 Dec 2023 09:12

Nokia signs agreement with BT on 5G monetisation opportunities

(Alliance News) - Nokia Corp on Monday said it signed an agreement with BT Group PLC focused on driving new 5G monetisation opportunities through telecommunication application programming interfaces.

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LONDON MARKET CLOSE: Stocks mute as eyes turn to US jobs data

(Alliance News) - Stock prices across Europe were muted on Thursday, as investors cautiously eye the next set of US jobs data.

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7 Dec 2023 12:06

LONDON MARKET MIDDAY: Stocks muted amid pre-US jobs data nerves

(Alliance News) - London's FTSE 100 was slightly lower early on Thursday afternoon, with the mood in global markets cautious as investors eagerly anticipate Friday's US jobs data.

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