We would love to hear your thoughts about our site and services, please take our survey 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: 67.92
Bid: 67.90
Ask: 67.92
Change: 0.44 (0.65%)
Spread: 0.02 (0.029%)
Open: 67.48
High: 68.52
Low: 67.22
Prev. Close: 67.48
VOD Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Vodafone says UK's desire to lead in 5G will suffer a blow if Huawei is ripped out

Tue, 09th Jun 2020 23:47

By Kanishka Singh and Vishal Vivek

June 9 (Reuters) - Vodafone Group Plc, the world's
second-biggest mobile operator, has warned that Britain's desire
to lead the world in 5G technology will face a big blow if it
decides to remove China's Huawei Technologies Co Ltd
from the country's telecoms infrastructure.

"The UK's leadership in 5G will be lost if mobile operators
are forced to spend time and money replacing existing
equipment", Scott Petty, Vodafone UK's chief technology officer,
told Reuters in an emailed statement.

The British government should make efforts to expand 5G
coverage and invest in the next stage of this technology instead
of stripping out the equipment of the Chinese telecoms equipment
maker, Petty said.

"We are not tied to one supplier, but it is important to
understand the extent of what is at stake here," he said, adding
Vodafone is working with Ericsson and testing
equipment from new suppliers.

Vodafone's warning was reported earlier by the Financial
Times newspaper.

The development comes as Britain held talks on 5G networking
equipment supplies with Japan's NEC Corp and South
Korea's Samsung Electronics Co Ltd as part of a bid
to develop alternatives to Huawei.

Britain designated Huawei a "high-risk vendor" in January,
capping its 5G involvement at 35% and excluding it from the
data-heavy core of the network.

Prime Minister Boris Johnson has come under renewed pressure
from Washington and lawmakers in his own party, who say Huawei's
equipment could be used by Beijing for spying. Huawei has
repeatedly denied the allegations.

London is looking at the possibility of phasing Huawei out
of its 5G network completely by 2023, officials have said.

Ties between Britain and China have grown tense recently
over Beijing's handling of the coronavirus outbreak and the
situation in Hong Kong, where China has decided to impose a new
security law.
(Reporting by Kanishka Singh in Bengaluru; Editing by Tom
Brown)

More News
18 Dec 2023 10:43

UPDATE: Vodafone confirms eyeing merger or disposal of Italy business

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

Read more
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.

Read more
18 Dec 2023 09:07

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

(Alliance News) - The FTSE 100 managed to eke out some minor gains at Monday's market open, while stocks elsewhere pulled back after last week's advance.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
13 Dec 2023 17:07

European shares subdued as markets look to Fed decision for cues

BASF rises on UBS rating upgrade

*

Read more
12 Dec 2023 18:34

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

Kyivstar's IT systems 'partially destroyed'

*

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

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.