Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. 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: 67.48
Bid: 67.48
Ask: 67.50
Change: -0.18 (-0.27%)
Spread: 0.02 (0.03%)
Open: 69.32
High: 69.32
Low: 67.42
Prev. Close: 67.66
VOD Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

REFILE-UPDATE 2-Britain set to ban Huawei from 5G, though timescale unclear

Mon, 13th Jul 2020 08:08

(Adds dropped "to" in first paragraph)

* PM Johnson mulls banning Huawei from 5G

* UK to put national security first - minister

* Huawei denies it spies for China

* BT cautions over going too fast

By Paul Sandle and Guy Faulconbridge

LONDON, July 13 (Reuters) - Prime Minister Boris Johnson is
set to ban Huawei from Britain's 5G network in a landmark
decision that will anger Beijing but win plaudits from President
Donald Trump as the United States grapples with China's rising
economic and technological clout.

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

Britain's National Security Council (NSC), chaired by
Johnson, will meet on Tuesday to discuss Huawei. Media Secretary
Oliver Dowden will announce a decision to the House of Commons
later in the day.

The immediate excuse for the about turn in British policy is
the impact of new U.S. sanctions on chip technology, which
London says affects Huawei's ability to remain a reliable
supplier in the future.

It is unclear how far Johnson will go on Tuesday. Operators
already had to cap Huawei's role in 5G at 35% by 2023. Reducing
it to zero over an additional two to fours years is now being
discussed, although some telecoms firms have warned that going
too fast could delay key technology and disrupt services.

Asked about Huawei in June, Johnson said he would protect
critical infrastructure from "hostile state vendors". Justice
Secretary Robert Buckland said on Monday the "priority" in the
decision would be national security.

The United States says Huawei, the world's biggest producer
of telecoms equipment, is an agent of the Chinese Communist
State and cannot be trusted.

Huawei denies it spies for China and 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.

NEW COLD WAR?

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.

Angering China just as Britain extracts itself from the
European Union will put London firmly back on the side of its
closest ally, the United States.

It would also mark the end of what former Prime Minister
David Cameron cast as a "golden era" in ties with China.

China's ambassador to Britain said earlier this month a
U-turn on Huawei would damage Britain's image and it would have
to "bear the consequences" if it treated China as a hostile
country.

HUAWEI BANNED?

In January, Johnson defied Trump by allowing so-called
high-risk companies' involvement in 5G - including Huawei - to
be capped at 35%. He excluded such companies from the sensitive
5G "core", where data is processed, as well as critical networks
and locations such as nuclear and military sites.

Britain's major telecoms networks have said they need at
least five years, and ideally seven, to remove Huawei.

BT CEO Philip Jansen urged the government on Monday
not to move too fast on a ban, cautioning there could be outages
and even security issues if it did.

"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 told BBC radio.

Huawei has said the implications of the U.S. sanctions are
not yet clear, and it has urged Britain to wait. The Telegraph
newspaper said on Friday the government was expected to set a
deadline of 2025 for removing Huawei equipment.
(Reporting by Guy Faulconbridge and Paul Sandle, editing by
David Milliken and Mark Potter)

More News
31 Oct 2023 12:28

UPDATE: Vodafone pens EUR5 billion deal to sell Spanish arm to Zegona

(Alliance News) - Vodafone Group PLC and smaller London listing Zegona Communications PLC on Tuesday announced the sale of Vodafone Spain to Zegona.

Read more
31 Oct 2023 09:07

TOP NEWS: Vodafone sells Spanish arm to Zegona for up to EUR5 billion

(Alliance News) - Vodafone Group PLC and smaller London listing Zegona Communications PLC on Tuesday announced the sale of Vodafone Spain to Zegona.

Read more
31 Oct 2023 08:54

LONDON MARKET OPEN: Stocks rise; BP shares fall on profit miss

(Alliance News) - The FTSE 100 opened in the green on Tuesday, despite a share price fall for BP, one of the index's largest constituents, amid more positive trading sentiment in Europe and the US.

Read more
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

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.