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Pin to quick picksVodafone Share News (VOD)

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UPDATE 1-Hungarian minister opens door to Huawei for 5G network rollout

Tue, 05th Nov 2019 10:59

* Huawei to participate in high-speed network build-up
-minister

* Huawei just one of suppliers tested - Deutsche Telekom
unit

* Washington has piled pressure on allies to shut out Huawei
(Adds response from Magyar Telekom, detail)

BUDAPEST, Nov 5 (Reuters) - Hungary's foreign minister
opened the way on Tuesday for Chinese telecoms giant Huawei
to be involved in the rollout of its high-speed 5G
network.

The United States has piled pressure on its allies to shut
out Huawei Technologies, the leading telecoms equipment vendor
with a global market share of 28%, saying its gear contained
"back doors" that would enable China to spy on other countries.

Hungary has said however it had no evidence that Huawei
equipment would pose a security threat and Foreign
Minister Peter Szijjarto announced at an event in China on
Tuesday that Hungary would involve Huawei in the 5G rollout.

Szijjarto said Huawei would cooperate with Vodafone
and Deutsche Telekom in the Hungarian 5G rollout
according to an emailed Foreign Ministry statement.

Deutsche Telekom's Hungarian unit said Huawei was
just one of the suppliers tested for the 5G technology.

Hungary published the draft documentation for the sale of
more than 400 megahertz of 5G spectrum in June, aiming for a
commercial start of the service at main industrial facilities
next year.

Magyar Telekom said Hungarian telecoms regulator
NMHH had registered it as a participant in the 5G tender. It
added however that the regulator had scrapped the previously
announced bidding dates and has not published new dates yet.

"Magyar Telekom is currently testing 5G technology with
several suppliers, including Huawei's Hungarian unit," the
company's press office said in an emailed response to questions.

"However, it has not entered into an agreement with Huawei
to build up its entire Hungarian 5G network."

Vodafone's Hungarian unit and the Hungarian telecoms
regulator could not comment immediately. Hungary had planned to
wrap up the 5G tenders by October.

At a visit to Budapest in February, U.S. Secretary of State
Mike Pompeo cautioned allies against deploying equipment from
the Chinese company, saying it would make it more difficult for
Washington to "partner alongside them".

Hungary's Szijjarto then brushed off U.S. concerns over
Russia and China, saying Budapest was fulfilling its obligations
to Western allies as a member of the NATO military alliance.

The European Union, of which Hungary is a member, has warned
of the risk of increased cyber attacks by state-backed entities
but refrained from singling out China and Huawei as threats.

Hungarian Innovation and Technology Minister Laszlo
Palkovics told Reuters in June that Budapest was studying the
example of Germany, its biggest foreign investor, where he said
an assessment system was developed to precisely identify
possible security threats.

German regulation had initially not excluded Huawei from the
build-out of 5G mobile networks. However, Foreign
Minister Heiko Maas on Monday cast doubt on whether the company
could participate in the development and construction of the
country's fifth-generation data network.
(Reporting by Gergely Szakacs and Krisztina Than;
Editing by Alison Williams)

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(Alliance News) - Vodafone Group PLC on Monday confirmed it is "exploring options with several parties" to combine or sell its telecommunications operations in Italy.

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18 Dec 2023 09:17

PRESS: France's Iliad prepares offer to combine with Vodafone in Italy

(Alliance News) - France's Iliad SA wants to finalise by the end of January a proposal to Vodafone Group PLC to combine their telecommunications operations in Italy, Reuters reported late Friday.

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LONDON MARKET OPEN: FTSE 100 edges higher as Fed rally fades elsewhere

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18 Dec 2023 08:52

Vodafone surges as Iliad proposes merging Italian businesses

(Sharecast News) - Vodafone confirmed on Monday that it is in talks with several parties about the potential merger or disposal of its Italian unit, after France's Iliad said it had submitted a proposal to merge their two Italian businesses.

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18 Dec 2023 08:05

Iliad invites Vodafone to merge their Italian operations

PARIS, Dec 18 (Reuters) - Iliad said on Monday it had submitted a proposal to Vodafone to merge their Italian businesses, adding this project had the unanimous support of its board of directors.

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18 Dec 2023 07:59

Iliad invites Vodafone to merge their Italian operations

PARIS, Dec 18 (Reuters) - Iliad said on Monday it had submitted a proposal to Vodafone to merge their Italian businesses, adding this project had the unanimous support of its board of directors.

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15 Dec 2023 18:59

Iliad wants to finalise JV proposal for Vodafone Italy by end-January -sources

LONDON/MILAN, Dec 15 (Reuters) - French telecoms group Iliad wants to finalise a proposal to Vodafone Italy to combine their Italian operations in a joint venture by the end of January, two sources briefed on the matter said.

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14 Dec 2023 10:44

Sumitomo partners with Vodafone and Deloitte to speed up global trade

(Alliance News) - Sumitomo Mitsui Financial Group Inc and Vodafone Group PLC will team up with Deloitte and Nexxiot to support global autonomous freight handling, the firms announced on Thursday.

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13 Dec 2023 17:07

European shares subdued as markets look to Fed decision for cues

BASF rises on UBS rating upgrade

*

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12 Dec 2023 18:34

Ukraine's top mobile operator hit by biggest cyberattack of war so far

Kyivstar's IT systems 'partially destroyed'

*

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12 Dec 2023 18:06

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

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

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12 Dec 2023 16:55

LONDON MARKET CLOSE: Europe rally loses steam as focus turns to Fed

(Alliance News) - London's FTSE 100 spent most of the day solidly in the green, and the CAC 40 in Paris spiked to a record high, though Tuesday's rally waned and signs of caution emerged again ahead of a trio of central bank decisions.

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12 Dec 2023 16:00

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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