Wireless carriers in the UK won’t be allowed to install Huawei equipment in their high-speed 5G networks after September 2021, the British government said Monday(REUTERS)
Wireless carriers in the UK won’t be allowed to install Huawei equipment in their high-speed 5G networks after September 2021, the British government said Monday(REUTERS)

UK to ban new Huawei gear installations after September

The government of Prime Minister Boris Johnson in July banned Huawei from having a role in building Britain’s next-generation mobile phone networks over security concerns triggered by US sanctions. Britain and other European countries have started to fall in line after the US lobbied allies.
By Associated Press | Posted by Ayshee bhaduri | London
PUBLISHED ON NOV 30, 2020 05:31 PM IST

Wireless carriers in the UK won’t be allowed to install Huawei equipment in their high-speed 5G networks after September 2021, the British government said Monday, hardening its line against the Chinese technology company.

The deadline is part of a roadmap the British government is laying down to remove “high risk” equipment suppliers with draft legislation that aims to tighten telecommunications security requirements.

The government of Prime Minister Boris Johnson in July banned Huawei from having a role in building Britain’s next-generation mobile phone networks over security concerns triggered by US sanctions. Britain and other European countries have started to fall in line after the US lobbied allies to shun Huawei over fears its equipment could be used by China’s communist rulers to facilitate electronic espionage.

Telecom operators were ordered to stop buying Huawei 5G equipment by the end of the year and have until 2027 to rip any of the company’s existing gear out of their systems.

While the ban implied operators would have to stop installing Huawei gear, the latest announcement spells out the deadline clearly - making it harder for them to stockpile equipment.

Huawei declined to comment. It has previously denied the US allegations and said Britain’s ban was politically motivated.

“Today I am setting out a clear path for the complete removal of high risk vendors from our 5G networks,” Digital Secretary Oliver Dowden said. “This will be done through new and unprecedented powers to identify and ban telecoms equipment which poses a threat to our national security.”

The Telecommunications (Security) Bill, which is set to be debated in Parliament on Tuesday, requires tougher security standards for 5G wireless and fiber optic networks and threatens heavy fines for companies that don’t comply with the rules.

The government is also setting out a strategy to diversify its telecom equipment suppliers, including a research lab and investment in open radio standards technology. Huawei has just a handful of rivals including Finland’s Nokia and Sweden’s Ericsson, raising fears that relying on so few companies to supply critical infrastructure leaves networks open to vulnerabilities.

SHARE THIS ARTICLE ON
app
Close
A nurse prepares a dose of Pfizer-BioNTech vaccine against the new coronavirus to be injected at the Andras Josa Teaching Hospital in Nyiregyhaza, Hungary, Sunday, Jan. 24, 2021. (Attila Balazs/MTI via AP)(AP)
A nurse prepares a dose of Pfizer-BioNTech vaccine against the new coronavirus to be injected at the Andras Josa Teaching Hospital in Nyiregyhaza, Hungary, Sunday, Jan. 24, 2021. (Attila Balazs/MTI via AP)(AP)

World’s economic recovery delayed by slow vaccine rollouts

Bloomberg
PUBLISHED ON JAN 24, 2021 11:06 PM IST
The World Bank already this month trimmed its prediction to 4% in 2021 and the International Monetary Fund will this week update its own outlook.
Close
The drive was launched in November last year.(Representative Photo/PTI)
The drive was launched in November last year.(Representative Photo/PTI)

258 arrested in govt drive against fake GST invoices, 8 CAs among them

By hindustantimes.com | Edited by Amit Chaturvedi
PUBLISHED ON JAN 24, 2021 08:32 PM IST
Data analytics, data-sharing, and Artificial Intelligence (AI) enabled the intelligence authorities to identify layer-by-layer activities of these fake entities and pinpoint the fraudsters.
Close
Canadian companies have long struggled to secure top price for their crude as pipeline congestion forced them to sell at a discount.(Reuters)
Canadian companies have long struggled to secure top price for their crude as pipeline congestion forced them to sell at a discount.(Reuters)

Canada's Trans Mountain pipeline sees fortunes shine after Keystone XL's demise

Reuters, Winnipeg/ottawa
PUBLISHED ON JAN 24, 2021 06:22 PM IST
Trans Mountain Corp, a government corporation, is spending CAD 12.6 billion (USD 9.9 billion) to nearly triple capacity to 890,000 barrels per day (bpd), a 14% increase from current total Canadian capacity.
Close
The US, Britain, and European Union are delivering vaccines, setting up a scenario where some parts of the world reach herd immunity while others lag, hurting poorer economies.(AP)
The US, Britain, and European Union are delivering vaccines, setting up a scenario where some parts of the world reach herd immunity while others lag, hurting poorer economies.(AP)

World’s economic recovery gets delayed by slow vaccine rollouts

Bloomberg
PUBLISHED ON JAN 24, 2021 06:12 PM IST
  • Double-dip recessions are now expected in Japan, the euro area and UK as restrictions to curb the virus’s spread are enforced. Record cases in the US are dragging on retail spending and hiring, prompting President Joe Biden’s new administration to seek an extra $1.9 trillion fiscal stimulus.
Close
The Antony Waste Handling Cell IPO consists of a fresh issue of <span class='webrupee'>₹</span>85 crore worth of shares and an offer for sale of 68,24,933 equity shares by existing shareholders.(iStock)
The Antony Waste Handling Cell IPO consists of a fresh issue of 85 crore worth of shares and an offer for sale of 68,24,933 equity shares by existing shareholders.(iStock)

India sees 19 IPOs worth USD 1.84 billion in 2020 December quarter

PTI, New Delhi
PUBLISHED ON JAN 24, 2021 06:01 PM IST
Leading consultancy EY's India IPO Trends Report: Q4 2020 showed that there were a total of 10 Initial Public Offers (IPOs) in the main market and 9 in the SME (Small and Medium Enterprises) segment.
Close
The 'Special Assistance to States for capital expenditure' scheme was announced by the Centre in October last year as part of Aatmanirbhar Bharat package.(HT Photo)
The 'Special Assistance to States for capital expenditure' scheme was announced by the Centre in October last year as part of Aatmanirbhar Bharat package.(HT Photo)

FM allocates 660 crore additional funds to MP for citizen-centric reforms

PTI, New Delhi
PUBLISHED ON JAN 24, 2021 03:44 PM IST
"Fifty per cent of the approved amount has also been released to the state as first installment for the approved projects," the finance ministry said in a statement.
Close
The <span class='webrupee'>₹</span>40,000-crore NIIF was set up in December 2015 as an institution for enhancing infrastructure financing by investing in greenfield (new), brownfield (existing) and stalled projects.(AFP)
The 40,000-crore NIIF was set up in December 2015 as an institution for enhancing infrastructure financing by investing in greenfield (new), brownfield (existing) and stalled projects.(AFP)

NIIF makes equity investment of less than 5,000 cr in 5 yrs

PTI, New Delhi
PUBLISHED ON JAN 24, 2021 02:30 PM IST
  • According to sources, NIIF has made an equity investment of 4,689 crore, while the co-investment by its partners stood at about 7,053 crore at the end of September 2020. The quasi-sovereign wealth fund's total equity investment along with partners stood at 11,742 crore as of September 2020.
Close
Stove Kraft is the fourth company to open an IPO this month after Indian Railway Finance Corporation (IRFC), Indigo Paints and Home First Finance Company.(AP/ Representational)
Stove Kraft is the fourth company to open an IPO this month after Indian Railway Finance Corporation (IRFC), Indigo Paints and Home First Finance Company.(AP/ Representational)

Stove Kraft IPO to open tomorrow: What you need to know

By hindustantimes.com | Written by Meenakshi Ray, New Delhi
PUBLISHED ON JAN 24, 2021 02:27 PM IST
Stove Kraft has fixed a price band of 384-385 a share for its initial public offer and it is expected to fetch 412.62 crore at the upper end of the price band.
Close
A healthcare worker draws a dose of the Moderna Covid-19 vaccine from a vial at a free drive-through coronavirus disease (Covid-19) vaccine clinic.(Reuters Photo )
A healthcare worker draws a dose of the Moderna Covid-19 vaccine from a vial at a free drive-through coronavirus disease (Covid-19) vaccine clinic.(Reuters Photo )

Leaders of Covid-19 vaccine rollout deliver world-beating market gains

Bloomberg
PUBLISHED ON JAN 24, 2021 01:10 PM IST
Traders are rushing to price the global vaccine rollout and betting nations at the forefront will be the fastest to recover from the crisis, lifting their stocks, currencies and bond yields.
Close
The image shows a diamond which will be sold at Sotheby’s in Hong Kong.(Reuters)
The image shows a diamond which will be sold at Sotheby’s in Hong Kong.(Reuters)

Diamond trade is roaring back thanks to stuck-at-home shoppers

Bloomberg
PUBLISHED ON JAN 24, 2021 01:02 PM IST
The boom is being driven by bumper holiday jewelry sales, particularly in the vital US and Chinese markets.
Close
Few of the emerging markets that have started receiving positive FPIs flows this month to date are: Indonesia ($800 million), South Korea ($320 million), Taiwan ($2.3 billion) and Thailand ($113 million). (File Photo (Representative Image))
Few of the emerging markets that have started receiving positive FPIs flows this month to date are: Indonesia ($800 million), South Korea ($320 million), Taiwan ($2.3 billion) and Thailand ($113 million). (File Photo (Representative Image))

FPIs remain net buyers at 18,456 crore in January so far

PTI
PUBLISHED ON JAN 24, 2021 12:25 PM IST
According to depositories data, overseas investors pumped in 24,469 crore into equities but pulled out 6,013 crore from the bonds market between January 1-22.
Close
The BSE benchmark scaled the 50,000-mark for the first time on Thursday.(HT Photos)
The BSE benchmark scaled the 50,000-mark for the first time on Thursday.(HT Photos)

Mcap of 4 of top-10 valued firms jumps over 1.15 lakh crore; RIL biggest

PTI
PUBLISHED ON JAN 24, 2021 11:08 AM IST
The valuation of Reliance Industries Limited jumped 71,033.44 crore to reach 12,99,363.47 crore, becoming the biggest gainer.
Close
The BSE Sensex scaled the 50,000-mark for the first time on Thursday.(PTI)
The BSE Sensex scaled the 50,000-mark for the first time on Thursday.(PTI)

Markets may remain volatile in holiday-shortened week: Analysts

PTI
PUBLISHED ON JAN 24, 2021 11:03 AM IST
Among major earnings to focus on this week are from UCO Bank, Axis Bank, Bank of Baroda, Canara Bank, Hindustan Unilever Limited, Lupin, Maruti Suzuki India and Tata Motors.
Close
Mukesh Ambani, chairman and managing director, Reliance Industries Ltdmint(Mint File Photo )
Mukesh Ambani, chairman and managing director, Reliance Industries Ltdmint(Mint File Photo )

Mukesh Ambani is world’s 11th richest billionaire. Check who else is on the list

By hindustantimes.com | Edited by Kanishka Sarkar, Hindustan Times, New Delhi
PUBLISHED ON JAN 24, 2021 07:27 AM IST
Mukesh Ambani's bet on consumer services -- telecom and retail -- seems to be paying off despite the pandemic
Close
Gadkari said last year that the policy would also help recycle key raw material made available by scrapping vehicles, such as steel, aluminium and plastic, thereby lowering automobile prices.(PTI)
Gadkari said last year that the policy would also help recycle key raw material made available by scrapping vehicles, such as steel, aluminium and plastic, thereby lowering automobile prices.(PTI)

Fee waiver, road tax discount key features of Centre’s draft scrappage policy

By HT Correspondent, New Delhi
PUBLISHED ON JAN 24, 2021 05:17 AM IST
Features of the draft policy, one of whose caveats is that the vehicles that are sent to the scrapyard must be dismantled in an environment friendly way, were discussed by the ministry at the 40th meeting of the transport development council chaired by Union transport minister Nitin Gadkari on Tuesday.
Close
SHARE
Story Saved
OPEN APP