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HKET: UK Government to Spend 250 Million Pounds to Eliminate Huawei Equipment

Hong Kong Economic Times (HKET), the leading financial daily in Hong Kong, recently reported that, the British government just introduced the Communications Security Bill, which is designed to monitor the nation’s 5G mobile network and its fiber network. The new rules will impose a 100,000-pound daily fine or a fine totaling ten percent of sales on the violators if Huawei equipment is used. The UK government required all communications companies to eliminate all Huawei equipment before the year 2027. The government also set aside 250 million pounds to help communications vendors to replace Huawei’s 5G equipment. The new bill covers all electronic hardware and software that process internet traffic. The bill is expected to take effect starting next year at the earliest. According to British Telecom (BT), the government’s Huawei ban will cause BT to suffer a 500 million pounds loss. Oliver Dowden, British Secretary of State for Digital, Culture, Media and Sport, just established a working group to help telecommunications providers. He’ll release more details on this before the end of the year.

Source: HKET, November 26, 2020