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Last Trade - 18/10/19

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Telecoms
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Large Cap
Market Cap £42.96bn
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Position in Universe 32nd / 1855

BREAKINGVIEWS-Huawei’s EU friends will stay on the line for now

Thu 30th May, 2019 9:40am
(The author is a Reuters Breakingviews columnist. The opinions expressed are his own.) By Liam Proud LONDON, May 30 (Reuters Breakingviews) - BT and Vodafone paused sales of some of the Chinese group’s phones after America put it on a blacklist. Yet Huawei equipment still pervades European telecom networks. Ripping it out now would be costly and disruptive. Better to wait and see whether the U.S. pressure persists. Full view will be published shortly. On Twitter https://twitter.com/liamwardproud CONTEXT NEWS - U.S. President Donald Trump said on May 23 that complaints about Huawei Technologies might be resolved within the framework of a trade deal, but called the Chinese telecommunications company "very dangerous". - British mobile operators Vodafone and EE, owned by BT, on May 22 pulled a Huawei smartphone from their 5G services launch. - Huawei devices use Google's open-source Android platform outside China. But the U.S. Department of Commerce on May 16 blocked the Chinese company from buying U.S. goods. - Google’s parent Alphabet has suspended business with Huawei that requires transferring hardware, software and technical licences, Reuters reported on May 19. - For previous columns by the author, Reuters customers can click on PROUD/ - SIGN UP FOR BREAKINGVIEWS EMAIL ALERTS http://bit.ly/BVsubscribe <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Trump says 'dangerous' Huawei could be included in U.S.-China trade deal urn:newsml:reuters.com:*:nL4N22Z35N EE keeps Huawei in first British 5G network but halts handsets urn:newsml:reuters.com:*:nL5N22Y2JW FACTBOX-Global tech companies shun Huawei after U.S. ban urn:newsml:reuters.com:*:nL4N22Y3F6 EXCLUSIVE-Google suspends some business with Huawei after Trump blacklist - source urn:newsml:reuters.com:*:nL2N22W01Y BREAKINGVIEWS-Isolated Huawei may be shoved into Beijing’s arms urn:newsml:reuters.com:*:nL4N2300HR BREAKINGVIEWS-Huawei takes trade war into uncharted territory urn:newsml:reuters.com:*:nL4N22X08K BREAKINGVIEWS-Donald Trump may yet play Huawei-saving wild card urn:newsml:reuters.com:*:nL2N22W0YE ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Editing by George Hay and Bob Cervi) ((liam.proud@thomsonreuters.com; Reuters Messaging: liam.ward-proud.thomsonreuters.com@reuters.net))
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