The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen 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: 73.50
Bid: 73.58
Ask: 73.62
Change: -0.68 (-0.92%)
Spread: 0.04 (0.054%)
Open: 73.88
High: 74.42
Low: 73.50
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 Aug 2023 21:37

Vodafone and Samsung begin mass rollout of open RAN in UK

(Alliance News) - Samsung Electronics Co on Thursday said that it and Vodafone Group PLC are replacing technology in the UK with virtualised open radio access networks, alias RAN, on Vodafone's 2,500 sites.

Read more
23 Aug 2023 17:43

Zelenskiy vows to end Russian occupation of Crimea, defends strategy

Zelenskiy hosts conference in Kyiv on Crimea

*

Read more
16 Aug 2023 13:24

Safaricom launches M-Pesa mobile money service in Ethiopia

ADDIS ABABA, Aug 16 (Reuters) - Safaricom's M-Pesa mobile money service went live in Ethiopia on Wednesday, in a boost to the Kenyan telecoms operator as it seeks to kickstart growth in one of Africa's biggest economies.

Read more
16 Aug 2023 09:29

LONDON BROKER RATINGS: RBC cuts Antofagasta; Shore likes Trainline

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

Read more
15 Aug 2023 17:00

South Africa's MTN looks to unlock hidden value with stake sales

JOHANNESBURG, Aug 15 (Reuters) - The CEO of South Africa's MTN Group said on Tuesday he plans to bring in minority partners in fintech and fibre and then list the businesses as separate entities to reach a market capitalisation of more three times its net asset value (NAV).

Read more
7 Aug 2023 09:14

LONDON BROKER RATINGS: JPMorgan lifts Rolls-Royce; RBC cuts Unite

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

Read more
3 Aug 2023 14:41

'Black swan event': Telefonica Deutschland extends losses on lost Vodafone deal

Read more
3 Aug 2023 13:19

IN BRIEF: James Fisher hires new CFO from Johnson Matthey

James Fisher & Sons PLC - Barrow In Furness, Cumbria-based marine services - Hires Karen Hayzen-Smith to be chief financial officer, starting by December 1. At that time, Duncan Kennedy will step down as CFO and from the board but will remain at James Fisher for a short transition. Hayzen-Smith currently is director of group finance at chemicals firm Johnson Matthey PLC. She has been in that role since January 2020 and also served as interim CFO for Johnson Matthey from November of that year to April 2021. Prior to Johnson Matthey, Hayzen-Smith worked at Babcock International Group PLC and Vodafone Group PLC.

Read more
2 Aug 2023 17:04

Surprise US debt downgrade knocks European stocks to two-week lows

STOXX 600 off 1.4%Fitch US downgrade sparks risk-off mood

*

Read more
2 Aug 2023 16:39

UAE's e& offers to increase stake in Vodafone to 20% - e& CEO to CNBC Arabia

DUBAI, Aug 2 (Reuters) - UAE's e& EAND.AD CEO Hatem Dowidar told CNBC Arabia on Wednesday his company was seeking to increase its stake in Vodafone to 20%.

Read more
2 Aug 2023 16:39

United Internet shares surge on Vodafone deal with 1&1

(Sharecast News) - Shares in United Internet surged on Wednesday after its majority-owned German mobile and broadband provider 1&1 agreed agreed a deal for Vodafone to provide 5G coverage to its customers, in a move that would see it replace Telefonica Deutschland.

Read more
2 Aug 2023 16:31

UAE's e& seeking to raise Vodafone stake to 20% - e& CEO to CNBC Arabia

DUBAI, Aug 2 (Reuters) - UAE's e& CEO Hatem Dowidar told CNBC Arabia on Wednesday his company was seeking to increase its stake in Vodafone to 20%.

Read more
2 Aug 2023 15:08

Germany's 1&1 switches to Vodafone for 5G network deal

LONDON, Aug 2 (Reuters) - German mobile and broadband provider 1&1 said it had agreed a deal for Vodafone to provide 5G coverage to its customers, ousting current network partner Telefonica Deutschland by October 2024 at the latest.

Read more
2 Aug 2023 13:13

Vodafone boosted by 1&1 5G network deal in Germany

LONDON, Aug 2 (Reuters) - Vodafone said on Wednesday it had agreed a long-term, exclusive national roaming partnership deal to provide 5G mobile coverage to 1&1's customers in Germany, in a deal which it said would be cashflow accretive from its 2026 financial year.

Read more
2 Aug 2023 12:21

TOP NEWS: Vodafone inks national roaming agreement with 1&1 in Germany

(Alliance News) - Vodafone Group PLC on Wednesday said that Vodafone GmbH and 1&1 Mobilfunk GmbH have agreed a long-term national roaming partnership.

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.