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Last Trade - 07/05/21

Large Cap
Market Cap £34.78bn
Enterprise Value £59.35bn
Revenue £36.50bn
Position in Universe 258th / 6858

Austria calls for European stance on Huawei to ensure competition

Wed 13th February, 2019 5:39pm
VIENNA, Feb 13 (Reuters) - Europe should agree a joint
position on whether or not Chinese firm Huawei  HWT.UL  is
allowed to equip 5G networks for next-generation mobile networks
to ensure fair competition, Austria's technology ministry said
on Wednesday.
    The European Commission is considering a de facto ban on
Huawei's 5G network equipment due to security concerns. U.S.
Secretary of State Mike Pompeo and U.S. Vice President Mike
Pence have been lobbying European politicians this week to ditch
the Chinese firm's network products.*:nL5N1ZV18N*:nW8N1XI02L
    The Austrian ministry said in a statement that it "considers
it useful to address the issue at a European level and to define
a common approach". 
    "However, it must also be ensured that competition in Europe
and Austria is not restricted," it added.
    Huawei, the global networks market leader with annual sales
exceeding $100 billion, is the subject of U.S. security concerns
over its ties with the Chinese government and suspicion Beijing
could use its technology for spying. 
    It denies the allegations and said on Wednesday it was ready
to work with governments and tackle extra security measures to
address the issues.*:nL5N208448
    A1 Telekom Austria  TELA.VI , controlled by Mexico's America
Movil  AMXL.MX  and the Austrian state, said that it does use
Huawei parts and Nokia  NOKIA.HE  is its main network supplier,
although its Chief Executive Thomas Arnoldner said a decision
regarding 5G equipment has not been made yet.
    Local rival T-Mobile Austria  DTEGn.DE , Deutsche Telekom's
Austrian unit, has said it is working with Huawei, Nokia
 NOKIA.HE  and Cisco  CSCO.O  and is re-evaluating its
procurement strategy. 
    Deutsche Telekom has proposed a series of technical and
compliance measures to safeguard security, including setting up
an independent laboratory to scrutinise all equipment used in
critical infrastructure before it is deployed.*:nL5N1ZU6IQ   
    Hutchison Whampoa's Drei Austria has said that Huawei played
a minor role as a network supplier at Drei.
    "Without Chinese hardware, without American software, we
can't perform in the world of the global players. One could
discuss certification and security measures, but raising walls
is certainly the wrong way," it said. 

 (Reporting by Kirsti Knolle
Editing by Alexander Smith)
 ((; +43 1 53112 255; Reuters
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