New York Stock Exchange backtracks on plan to delist Chinese telcos

The New York Stock Exchange (NYSE) no longer plans to comply with a Trump administration order to delist Chinese telecoms groups.

NYSE began proceedings to delist China Mobile, China Unicom, and China Telecom last week after the order signed by President Trump in November.

The order is designed to prevent transactions in securities “designed to provide investment exposure to such securities, of any Communist Chinese military company” by any person in the...

Ericsson CEO continues lobbying Swedish gov to overturn Huawei ban

Ericsson CEO Börje Ekholm is continuing to lobby the Swedish government to overturn a ban of Huawei’s equipment.

Ekholm has been vocal in opposing the ban since it was announced in October last year.

Dagens Nyheter reports Ekholm has sent a series of phone messages to Foreign Trade Minister Anna Hallberg calling for her to review the ban order by the Swedish Post and Telecom Authority (PTS).

Hallberg has said she has not had any contact with the PTS over the...

FCC considers revoking China Telecom’s license to provide US services

The FCC has announced that it’s launched a review into whether to revoke China Telecom’s license to provide services in the United States.

The US telecoms regulator says the proceedings will “determine whether to end China Telecom (Americas) Corporation’s authority to provide domestic interstate and international telecommunications services within the United States under section 214 of the Communications Act.”

According to the FCC, the action seeks to safeguard...

UK security bill sets out penalties if telcos use Huawei equipment

The UK has set out the security legislation that will enforce the ban on Huawei’s telecoms equipment, and it features some hefty penalties.

The Telecommunications Security Bill bans telcos from purchasing Huawei’s equipment from 2021. Huawei’s existing gear must be removed entirely from British networks by 2027.

Digital Secretary Oliver Dowden said:

“We are investing billions to roll out 5G and gigabit broadband across the country, but the benefits can...

Huawei appears to get a slight reprieve from US trade ban

Huawei’s business appears to be getting a slight reprieve from a US trade ban which has pressured the firm over the past year.

Huawei was added to the US Chamber of Commerce’s so-called Entity List earlier this year; meaning American companies are banned from doing business with Huawei without explicit permission. The decision was reinforced in July when the FCC officially designated Huawei a national security threat.

Although Huawei has increased the production of...

Oxford Economics: Huawei is responsible for over 220,000 jobs in Europe

A report from Oxford Economics suggests that Huawei is responsible for over 220,000 jobs across Europe.

The report is released as Huawei faces bans across many Western countries over security concerns led by the US.

Huawei contributed €16.4 billion to Europe's GDP and supported 224,300 jobs in 2019, according to the report.

The Chinese telecoms giant holds the largest global marketshare (~35.3%) of any vendor. The second-largest, Nokia, holds less than half...

Sweden bans Chinese vendors Huawei and ZTE from its 5G networks

Sweden has decided to ban Chinese telecoms vendors Huawei and ZTE from its rollout of 5G networks.

In a statement, the Swedish Post and Telecom Authority said that the “influence of China’s one-party state over the country’s private sector brings with it strong incentives for privately-owned companies to act in accordance with state goals and the communist party’s national strategies.”

Sweden’s decision comes after increasing US-led pressure to ban Chinese...

BT selects Nokia to replace Huawei for EE’s 5G network

BT has struck a deal with Nokia to replace Huawei’s equipment for EE’s 5G in addition to its previous generation networks.

The UK’s largest telecoms operator acquired EE for £12.5 billion in 2016. EE has used Huawei’s equipment in its 2G and 4G networks while BT itself has maintained a strong relationship with the Chinese vendor since 2005 for its broadband network.

A decision made by the UK government in July bans operators from purchasing Huawei equipment...

Huawei’s R&D lab near its new campus in Dongguan, China is on fire

A research and development facility owned by Huawei has caught fire near the company’s new campus in Dongguan, China.

Social media posts report an explosion at the facility but this is unconfirmed. The R&D lab is, however, expected to contain “sound-absorbing materials” like cotton which is highly flammable.

Videos of the fire are bizarrely being posted and quickly deleted. One video of the blaze which is still available (as of posting) can be found...

Chinese telecoms equipment removal will cost the US around $1.8bn

US telecoms regulator the FCC has estimated the removal of Chinese equipment will result in a fairly substantial bill.

On Friday, the FCC released a report (PDF) which highlighted that operators in the US have already applied for around $1.6 billion in reimbursement funds as part of the Secure and Trusted Communications Network Act of 2019.

However, Congress is yet to approve the much-needed funds to support the predominantly small operators.

Ajit Pai, Chairman...