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TELIA - Telia AB News Story

SEK36.44 0.6  1.6%

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Sector
Telecoms
Size
Large Cap
Market Cap £12.47bn
Enterprise Value £20.84bn
Revenue £7.53bn
Position in Universe 55th / 1836

Swedish court to hear Huawei's case against 5G ban

Wed 21st April, 2021 12:01am
By Supantha Mukherjee STOCKHOLM, April 21 (Reuters) - A Swedish administrative court on Wednesday will start hearing arguments in a case filed by Huawei Technologies Co Ltd HWT.UL against the country's telecom regulator for banning the Chinese company from its 5G networks. While several countries across Europe are still formulating telecom policies, only the United Kingdom https://www.reuters.com/article/us-britain-huawei-idUSKBN28A005 and Sweden have so far banned Huawei and ZTE Corp 000063.SZ from supplying critical 5G network equipment. Sweden's telecom regulator PTS in October banned the Chinese companies from rolling out 5G, citing security risks. It gave telecom operators taking part in 5G auctions until Jan. 1, 2025 to remove Chinese gear from their infrastructure and core functions. urn:newsml:reuters.com:*:nL8N2HB1TF Under Swedish law, any company affected by new legislation has the right to be heard and given the chance to clarify any concerns before restrictions are imposed, said Kenneth Fredriksen, Huawei's executive vice president, Central East Europe and Nordic Region, in an interview. "Now we will have the opportunity to explain ourselves and let our opinions be heard in a proper way and also deal with all the legal mistakes we believe have been made." The court will hear arguments from both parties from Wednesday to Friday. A spokeswoman for the court said the date for delivering a verdict has not been disclosed. A Swedish court had allowed PTS to conduct 5G auctions, but also said Huawei could pursue a legal challenge over its exclusion. urn:newsml:reuters.com:*:nL1N2JI1ET PTS finished the auctions in January with Telia Company AB TELIA.ST , Tele2 AB TEL2b.ST , Telenor ASA TEL.OL and Tre winning parts of the spectrum. urn:newsml:reuters.com:*:nL8N2JV31A It was unclear if the auction results would face any legal challenge if the court ruled in Huawei's favor. A PTS spokesman said the regulator would not make any comments during the ongoing hearing. Huawei's Fredriksen declined to comment on the outcome of the case, but said the verdict would not affect the company's other businesses in Sweden. The company has an R&D center in the country, an enterprise telecom business and also sells consumer electronics gadgets. "As long as we are allowed to do business, we will remain in Sweden and then we will fight for the businesses we are allowed to do," he said. <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Operators prepare Sweden for 5G coverage after spectrum sale urn:newsml:reuters.com:*:nL1N2JW0J2 Swedish court dismisses Huawei appeal over 5G network ban urn:newsml:reuters.com:*:nL8N2JQ1MB ANALYSIS-Europe plots catch-up in global 5G race to drive COVID-19 recovery urn:newsml:reuters.com:*:nL1N2J809H FOCUS-Samsung works its way into European 5G race to fill Huawei gap urn:newsml:reuters.com:*:nL1N2IP396 Seeking end to 5G ban, Huawei says ready to accept terms Sweden may set urn:newsml:reuters.com:*:nL8N2IN1RM Sweden halts 5G auction after court grants relief to Huawei urn:newsml:reuters.com:*:nL8N2HV73P ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Reporting by Supantha Mukherjee in Stockholm; Additional reporting by Helena Soderpalm; Editing by Richard Chang) ((supantha.mukherjee@thomsonreuters.com; +46 70 721 1004; Reuters Messaging: supantha.mukherjee.thomsonreuters.com@reuters.net))
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