Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksVodafone Share News (VOD)

Share Price Information for Vodafone (VOD)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 74.04
Bid: 74.04
Ask: 74.08
Change: -0.14 (-0.19%)
Spread: 0.04 (0.054%)
Open: 73.88
High: 74.42
Low: 73.74
Prev. Close: 74.18
VOD Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

BT, Vodafone, Telefonica's 02 Weigh In On Huawei UK 5G Outcome

Tue, 28th Jan 2020 14:43

(Alliance News) - The UK's mobile operators have said they will look into the potential impact of the government's decision on the future of Huawei Technologies Co Ltd in the country's 5G network.

"High-risk vendors" should be allowed to play a peripheral role in the network, the National Security Council concluded on Tuesday, but said such vendors should be barred from all safety-related and critical networks.

The move comes despite pressure from the US to block the Chinese telecommunications giant, over fears of spying – a claim Huawei has repeatedly denied.

BT Group PLC-owned EE – which previously warned it could take seven years to completely remove Huawei from UK networks – said the decision is "an important clarification for the industry".

"The security of our networks is an absolute priority for BT, and we already have a long-standing principle not to use Huawei in our core networks," a spokesman said.

"While we have prepared for a range of scenarios, we need to further analyse the details and implications of this decision before taking a view of potential costs and impacts."

Vodafone Group PLC responded saying it uses a mix of equipment supplied by Huawei, Sweden's Telefonaktiebolaget LM Ericsson, and Nokia Corp for its 4G and 5G masts, which it believes is "the best way to safeguard the delivery of services".

"Vodafone notes the UK Government's decision to impose restrictions on the use of Huawei equipment in 5G networks," a spokesman for the firm said.

"While Vodafone UK does not use Huawei in its core – the intelligent part of the network – it will now analyse the potential impact of today's decision on the non-core elements of its network (masts and transmission links).

"By working closely with the relevant authorities on any required substitution of equipment and it's timing, we aim to keep any potential disruption to customers to a minimum."

Telefonica SA-owned O2 reacted saying Huawei kit makes up less than 1% of its owned network infrastructure, and will continue to develop its 5G network with primary vendors Nokia and Ericsson.

"Whilst we agree with the government that diversity of supply is the best way to serve customers, careful consideration must be given to the distinction between 'core' and 'non-core' as 5G networks develop and evolve," a spokeswoman said.

"We'll now take time to review the full report."

Three, which said it opted for Nokia as core network provider, added: "We note the Government's announcement and are reviewing the detail."

source: PA

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
31 Oct 2023 07:46

Vodafone to sell Spanish business to Zegona for up to €5bn

(Sharecast News) - Vodafone said on Tuesday that it has agreed to sell its Spanish business to Zegona Communications for up to €5bn.

Read more
31 Oct 2023 07:41

LONDON BRIEFING: BP announces buyback; IG to cut 10% of staff

(Alliance News) - Stocks in London are called higher on Tuesday, as the FTSE 100 looks set to shake off weaker economic data from China.

Read more
24 Oct 2023 09:29

LONDON BROKER RATINGS: Barclays ups Rio Tinto; Liberum likes Indivior

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

Read more
23 Oct 2023 09:24

LONDON BROKER RATINGS: Jefferies raises Tullow Oil to 'hold'

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

Read more
17 Oct 2023 14:19

IN BRIEF: Vodafone Business division and e& hail customer win

Vodafone Group PLC - Newbury, Berkshire-based telecommunications provider - Says that Vodafone Business division and e& have signed a memorandum of understanding to jointly market, sell and service businesses and public sector organisations to support their digital transformations. e&, or Emirates Telecommunications Group Company PJSC, is a United Arab Emirates-based technology and investment company.

Read more
11 Oct 2023 12:11

CMA seeks feedback on Vodafone's planned merger with Three UK

(Sharecast News) - Vodafone's planned merger with Three UK came under the Competition and Markets Authority (CMA) spotlight on Wednesday, as the regulator invited feedback from third parties over the impact it could have on the competitive landscape.

Read more
11 Oct 2023 10:30

TOP NEWS: CMA probes UK business merger of Vodafone and Hutchison

(Alliance News) - The Competition & Markets Authority on Wednesday said it is considering whether the planned merger the UK businesses of Vodafone Group PLC and CK Hutchison Group Telecom Holdings Ltd would weaken competition.

Read more
11 Oct 2023 09:17

LONDON BROKER RATINGS: JPMorgan raises Croda; Berenberg cuts Atalaya

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

Read more
9 Oct 2023 16:56

LONDON MARKET CLOSE: Stocks suffer amid Israel conflict

(Alliance News) - Oil majors and defence contractor BAE Systems helped shield the FTSE 100 from a deeper decline on Monday, as global equities struggled as events in Israel meant it was a risk-off start to the new week.

Read more
5 Oct 2023 09:08

LONDON BROKER RATINGS: Panmure likes abrdn; Kepler cuts Britvic

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

Read more
5 Oct 2023 07:41

LONDON BRIEFING: Unite CEO steps down; Imperial Brands begins buyback

(Alliance News) - The FTSE 100 is expected to open in the green on Thursday, with equity markets feeling more cheerful after softer US jobs data eased fears over interest rates.

Read more
27 Sep 2023 13:10

EARNINGS: Safestyle suffers amid "difficult" trading conditions

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Read more
22 Sep 2023 14:16

Zegona confirms it is in talks to buy Vodafone's Spanish operations

(Alliance News) - Zegona Communications PLC on Friday said it was in discussions with Vodafone Group PLC to acquire its Spanish operations, confirming prior media reports.

Read more
6 Sep 2023 09:00

Saudi Arabia's STC Group to become Telefonica top shareholder with 9.9% stake

LONDON/DUBAI, Sept 5 (Reuters) - Saudi Arabia's STC Group has amassed a 9.9% stake in Telefonica worth 2.1 billion euros ($2.25 billion), in a move to become the Spanish telecom giant's top shareholder.

Read more
5 Sep 2023 08:00

Vodafone teams up with Amazon's Project Kuiper to extend 5G reach

LONDON, Sept 5 (Reuters) - Vodafone plans to work with Amazon's low Earth orbit satellite constellation Project Kuiper to extend the reach of its 4G and 5G telecoms networks in Europe and Africa.

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.