BT warns of outages if UK bans Huawei too fast July 13, 2020 BT chief Philip Jansen today issued a warning to the government that removing Huawei from the UK’s telecoms network too soon could case mass service outages across the country. A decision is due this week from Number 10 on whether to impose tougher restrictions on China’s Huawei, after intense pressure from the US to ban [...]
Vodafone and BT warn it may take five years and cost ‘billions’ to scrap Huawei July 9, 2020 Vodafone and BT have warned that it may take at least five years and cost “billions” of pounds to strip Huawei equipment from UK networks, as Prime Minister Boris Johnson faces mounting pressure to scrap a deal with the Chinese vendor over security concerns. Vodafone UK’s head of networks, Andrea Dona, today told the government’s [...]
US sanctions could impact Huawei reliability, says tech minister July 6, 2020 Ongoing US sanctions against Huawei could significantly affect the Chinese tech firm’s reliability as a supplier to other countries, culture secretary Oliver Dowden has said. Measures announced by Washington last month prevent Huawei from working with US companies to source parts for its telecoms equipment, which is installed in the UK’s 5G networks. The UK [...]
Johnson prepares to scrap Huawei from UK 5G network July 5, 2020 Prime Minister Boris Johnson is set to draw up plans this month to start phasing out Huawei from the UK’s 5G infrastructure in a major U-turn following pressure from security agencies. A security review from the National Cyber Security Centre (NCSC), a branch of GCHQ, is understood to have revised assurances that risks posed by [...]
Saatchi & Saatchi appoints new chief executive July 1, 2020 London advertising agency Saatchi & Saatchi has appointed Sam Hawkey as its new chief executive, as the firm’s headquarters prepare to reopen after months of lockdown. Hawkey has served as Saatchi & Saatchi’s chief operating officer since 2018, after being promoted from managing director several years earlier. Since joining the firm in 2012, Hawkey’s clients [...]
Cobham chief to take top job at Babcock July 1, 2020 Defence firm Babcock has announced that David Lockwood will take over from chief executive Archie Bethel in September. Lockwood, who is currently chief executive of FTSE 250 defence firm Cobham, comes after Babcock swung to a £178m loss this year. Prior to Cobham, he was chief executive of tech firm Laird, and has previously held [...]
Huawei: Johnson vows to protect UK from ‘hostile vendors’ June 30, 2020 Prime Minister Boris Johnson has beefed up his rhetoric on Chinese tech firm Huawei, warning China that he will protect British infrastructure from “hostile state vendors”. Johnson has faced mounting criticism over his deal with the Chinese firm allowing Huawei to produce 35 per cent of the UK’s 5G infrastructure. Senior figures from both sides [...]
Covid consolidation bears low-hanging fruit for traders June 29, 2020 No understatement is truer than the one about how “nothing will ever be the same again” following the coronavirus pandemic. Businesses in the hundreds of thousands will not reopen. Millions of jobs have been lost. Billions of dollars have been wiped off the valuations of household brands and City darlings. Past worries about Brexit seem [...]
Vodafone likely to snub the City for Frankfurt in towers business listing June 29, 2020 Vodafone is veering away from the City, and is instead eyeing up Frankfurt for the listing of its multi-billion-pound European towers business, in a move that will further position the firm away from Britain. The telecoms firm last week invited advisers to pitch for a role on the planned flotation of its European tower units, [...]
Government urged to fast-track 5G roll out to boost coronavirus recovery June 29, 2020 The government could boost overall economic activity by £150bn if the UK were to speed up 5G rollout by two years, a new report has found, as Britain seeks to bolster its economy from the financial turmoil of coronavirus. A new report published today by Vodafone found that the British economy could see productivity gains [...]