U.K. Law May Fine Carriers 10% of Sales for Breaching Huawei Ban
The U.K. government has proposed a law that will fine phone companies as much as 10% of sales or 100,000 pounds a day ($133,000) if they break new telecom security rules, including the forthcoming ban on Huawei Technologies Co.’s equipment for 5G networks.
The bill will give the government the power to implement and enforce the ban on Huawei’s 5G equipment that it announced in July. Carriers have until the end of 2020 to stop buying the gear, after the U.K. deemed the Chinese technology giant a security risk, and the companies must remove existing Huawei equipment from their 5G networks by 2027.
Source: Bloomberg #Nov24
https://www.bloomberg.com/news/articles/2020-11-24/u-k-law-may-fine-carriers-10-of-sales-for-breaching-huawei-ban
#5G #Huawei #China #UK #Telcom
The U.K. government has proposed a law that will fine phone companies as much as 10% of sales or 100,000 pounds a day ($133,000) if they break new telecom security rules, including the forthcoming ban on Huawei Technologies Co.’s equipment for 5G networks.
The bill will give the government the power to implement and enforce the ban on Huawei’s 5G equipment that it announced in July. Carriers have until the end of 2020 to stop buying the gear, after the U.K. deemed the Chinese technology giant a security risk, and the companies must remove existing Huawei equipment from their 5G networks by 2027.
Source: Bloomberg #Nov24
https://www.bloomberg.com/news/articles/2020-11-24/u-k-law-may-fine-carriers-10-of-sales-for-breaching-huawei-ban
#5G #Huawei #China #UK #Telcom