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Vodafone will remove Huawei from its core networks

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LONDON (Reuters) - Vodafone, the world’s second largest mobile operator, will remove equipment made by Huawei from the sensitive core of its mobile networks in Europe after Britain decided to restrict the Chinese company’s role in 5G.

“We have now decided as a result of the EU toolbox and the UK government’s decision to take out Huawei from the core,” Chief Executive Nick Read told reporters on Wednesday.

“This will take around five years to implement at a cost of approximately 200 million euros,” he said.

Source - Reuters

About the author

Philip Scott

Head of Equities, Director

Philip has worked as a Private Client Stockbroker for nearly 20 years, commencing his career in Operations with Rensburg Sheppards (now part of Investec plc) before spending 9 years with Killik & Co advising on and directly managing portfolios. He joined SI Capital in 2006 to head up the Private Client Advisory desk.

Philip is a regular contributor to local media commenting on stock market dynamics and is a Chartered Member of the Chartered Institute for Securities & Investment (MCSI). His RDR qualification gained special recognitionfrom the CISI for achieving the highest combined pass mark in the country for the Investment Advice Diploma in 2012.

“At SI Capital I enjoy being part of a talented team who collectively share the same desire to provide excellence in service.  My focus is to ensure that each client receives effective and optimal management of their assets.”

Philip lives locally, is married with 2 daughters and is an avid sports fan (if now predominantly from the sidelines).  His other interests include music and film.

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