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TELIA - Telia AB News Story

SEK38.37 -0.1  -0.3%

Last Trade - 09/04/21

Large Cap
Market Cap £13.41bn
Enterprise Value £21.73bn
Revenue £7.62bn
Position in Universe 53rd / 1831

Sweden starts 5G spectrum auctions after battle with Huawei

Tue 19th January, 2021 7:31am
STOCKHOLM, Jan 19 (Reuters) - Swedish telecom regulator PTS
on Tuesday began auctions of 5G spectrum which were delayed by a
court battle with China's Huawei  HWT.UL  after it banned the
company from its next-generation networks.
    Hi3G Access, Net4Mobility, Telia Sverige  TELIA.ST  and
Teracom have been approved for participation in the 3.5 GHz and
2.3 GHz spectrum auctions. 
    The bidders are units or joint ventures of telecom operators
such as Telia, Tele2  TEL2b.ST , Telenor  TEL.OL  and Tre.
    The auction was delayed for a security review and then over
a lawsuit filed by Huawei.*:nL8N2JQ1MB
    Sweden followed Britain in banning Huawei equipment from its
5G networks, citing national security risks.
    PTS had initially given companies taking part in 5G spectrum
auctions until Jan. 1, 2025 to remove Huawei and ZTE equipment
from their existing infrastructure and core functions.
    PTS took the decision based on judgments from the armed
forces and Swedish Security Services, but Huawei then offered to
meet any requirement the government might set on 5G network
equipment and take other measures to mitigate concerns.
    Two other appeals in relation to PTS's ban are still pending
in courts.

 (Reporting by Supantha Mukherjee and Helena Soderpalm; editing
by Jason Neely)
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