The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

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)

Related Shares

More News
2 May 2024 07:03

Swisscom posts steady Q1 profit, says Vodafone Italia deal on track

May 2 (Reuters) - Telecoms group Swisscom reported a slightly lower first-quarter core profit on Thursday, but beat market expectations, as business...

2 May 2024 06:35

Swisscom plans completion of Vodafone Italia takeover in Q1 2025

May 2 (Reuters) - Swiss telecoms group Swisscom said on Thursday its takeover of Vodafone Italia is on track and expected to be completed in the fir...

16 Apr 2024 08:41

Vodafone appoints SAP's Marika Auramo as CEO of Business arm

(Alliance News) - Vodafone Group PLC on Tuesday said Marika Auramo has been appointed as chief executive of Vodafone Business.

16 Apr 2024 07:46

Vodafone taps SAP executive to lead business division

(Sharecast News) - Vodafone announced the appointment of Marika Auramo as chief executive of Vodafone Business on Tuesday, effective from 1 July.

4 Apr 2024 15:58

London close: Stocks manage gains ahead of US payrolls report

(Sharecast News) - London markets closed higher on Thursday, driven by a robust showing from the mining sector and as investors contemplated the UK se...

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.