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TELIA - Telia AB News Story

SEK38.37 -0.1  -0.3%

Last Trade - 09/04/21

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

UPDATE 1-Sweden to resume 5G spectrum auctions after court clash with Huawei

Fri 18th December, 2020 9:48am
STOCKHOLM, Dec 18 (Reuters) - Swedish telecoms regulator PTS
will resume 5G spectrum auctions on January 19, it said on
Friday, after a court earlier in the week found in its favour in
a spat with Chinese equipment maker Huawei. 
    On Wednesday, a Swedish appeals court partly granted an
appeal by PTS over its plan to exclude Huawei  HWT.UL  from the
country's 5G networks, but also ruled that the Chinese firm
could pursue a legal challenge over its exclusion.  urn:newsml:reuters.com:*:nL8N2IW2GV
    PTS said in a statement it had been in contact with the
participating players and will hold the auction despite the fact
that the conditions will be subject to legal examination.
    The auctions, crucial for the deployment of 5G in the
country, have been delayed twice - once for a security review,
and the second time over a lawsuit filed by Huawei.
    Huawei did not immediately respond to requests for comment.
    The telecoms regulator 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.
    But it was forced to halt the auctions after a court
injunction. 
    Sweden has followed Britain in banning Huawei equipment from
5G networks, citing national security risks. 
    

 (Reporting by Helena Soderpalm and Supantha Mukherjee; Editing
by Simon Johnson)
 ((helena.soderpalm@thomsonreuters.com; +46 8 700 10 15; Reuters
Messaging: helena.soderpalm.reuters.com@reuters.net))
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