Telecoms carrier BT sees US$650 million hit from Britain’s new limits on Huawei

//Telecoms carrier BT sees US$650 million hit from Britain’s new limits on Huawei

Telecoms carrier BT sees US$650 million hit from Britain’s new limits on Huawei

BT Group is expecting a £500 million (US$650 million) hit over the next five years from the Britain’s decision to restrict Huawei Technologies in the nation’s mobile broadband infrastructure.Chief executive Philip Jansen said on Thursday the telecommunications company is reviewing the government’s guidance to determine the full impact on its plans. Huawei is one of BT’s biggest suppliers of telecoms network equipment, and in Britain, has a 44 per cent market share in full optical fibre…

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By | 2020-01-30T11:13:01+00:00 January 30th, 2020|Technology|Comments Off on Telecoms carrier BT sees US$650 million hit from Britain’s new limits on Huawei