UK will spend a third of a billion dollars to get rid of Huawei

UK will spend a third of a billion dollars to get rid of Huawei

Earlier this year, the UK banned Chinese giant Huawei from participating in 5G infrastructure development and demanded local telecom companies to ditch Huawei equipment by 2027.

The UK authorities have now said it will spend around £ 250 million, or a third of a billion dollars, removing Huawei equipment from the country’s telecommunications infrastructure. The UK will spend £ 50 million next year building a “secure and resilient 5G network.”

Due to the lack of Huawei equipment in the market, mobile operators in the UK will have only two suppliers: Nokia and Ericsson. Analysts believe such a duopoly could harm security and drive up market prices. The funds allocated by the country’s authorities will also be used to establish a monitoring working group, which is expected to provide additional information on the results at the end of the year.

As more and more companies around the world ban Huawei from operating on their telecommunications network for security reasons, companies such as Nokia and Ericsson have benefited greatly from large contracts with network operators.

Earlier, Borje Ekholm, a top manager of the Swedish company, opposed the ban on Huawei equipment in his country.

UK will spend a third of a billion dollars to get rid of Huawei

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