Company News 

BT to take £500m hit from Huawei decision

BT to take £500m hit from Huawei decision

The government’s decision to restrict Huawei’s involvement in UK 5G networks could set BT (BT.A) back £500m over five years. This comes after Westminster revealed that ‘high risk’ vendors (namely the Chinese firm) will be allowed to supply elements of the country’s fifth-generation mobile infrastructure, but will be excluded from the sensitive ‘core’ parts of the network. Such vendors will also be kept out of sensitive locations such as military bases – and, there will be a 35 per cent cap on access to non-sensitive parts of the network.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now