Huawei is blocked, European giant wins 5g order from UK!

category:Finance
 Huawei is blocked, European giant wins 5g order from UK!


Our two companies have been working together for more than 25 years, and we provide first-class Internet connectivity services to people across the UK, Nokia president and chief executive Pekka lundmark said in a statement, according to global.com. We are proud to be able to support BTs 5g network development and look forward to closer cooperation in the coming years.

In a fast-growing and competitive market, making the right technology choices is crucial, said Philip Jansen, chief executive of BT, in a statement

Nokia said the agreement would make Nokia the largest infrastructure partner for BT, while industry sources told CNBC that Nokia would take up 63% of BTs network.

According to reports, BTs network equipment and services in London, Central England and some suburban cities are provided by Nokia. In the future, BT will use Nokias airscale single ran (s-ran) devices, including base stations and radio access products, to provide customers with indoor and outdoor network coverage.

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Previously, British media reported that the British government announced in July that it had decided to stop using Huaweis equipment in 5g construction, and hinted that Nokia would replace Huaweis remaining infrastructure share in the UKs 5g network. British culture minister Oliver Dowden said the UK would stop buying new Huawei equipment from December 31, 2020, and the Huawei equipment currently used in the UKs 5g network must be removed by 2027.

In an interview with Fox News Network in early August, U.S. President trump said that he had tough talks with British Prime Minister Johnson on Huawei, threatening to stop intelligence and other cooperation between the United States and the United Kingdom if the UK continues to push forward the 5g construction agreement with Huawei.

Lose the big American Bill

Who would have thought that, in the end, Samsung became the biggest winner, with Verizons 5g order worth 66 US dollars (about 45 billion yuan).

Affected by the news, Nokias share price has fallen more than 20% in the past month.

According to overseas media reports at the time, Nokias business setback occurred after the new CEO Pekka lundmark took over in August. But the source said the talks were already under way before lundmark took over.

Large telecom service companies like Verizon often use several telecom equipment providers to build different communication networks. Wireless network contracts account for a large part of the expenditure.

Janadan Menon, an analyst at the investment bank liberum, said the loss of the contract could affect Nokias ability to invest in technology, while Nokias rival Ericsson could even increase its share in Verizon.

US pressure on Europe again

In July this year, when the global epidemic was in full swing, the United States did not stop its comprehensive attack on Huawei. After several pressures, British culture secretary Oliver Dowden said UK mobile network operators would be forced to stop buying network equipment from Huawei by the end of the year, and they were also required to remove all Huawei equipment from their infrastructure by 2027.

In addition to the British market, other European countries are also threatened by the United States.

Keith krach, US Under Secretary of state for economic affairs, has again pressed European countries to exclude Huawei equipment from 5g network construction, Reuters reported.

Krasch stepped up the warning as Germany and Italy were considering 5g networks, his first visit to European capitals since the outbreak in March hindered travel.

In addition, Tim, Italys largest telecom operator, has excluded Huawei from bidding for 5g equipment for its core network to be built in Italy and Brazil.

At the same time, in addition to the European market, the United States has not let go of the Latin American market. According to the US News Agency, a senior adviser to us president trump told Argentine officials during a visit to Argentina that the potential 5g agreement between Argentina and Huawei will be closely watched by the United States.

This year, Huawei hasnt updated the latest order number for a long time since the official announcement of 91 5g commercial contracts in February.

On September 27, Huawei announced that it had successfully defeated Ericsson, a European telecom operator, and reached a new cooperation with Morocco in 5g network construction to win the 5g market in the country. Huawei said it would cooperate with Moroccan telecom operators for deployment and development.

In September 2020, Ericsson announced another big news. Ericsson China chief technology officer Chen Ming disclosed in the media exchange meeting on September 18 that as of September 15, Ericsson had won a total of 109 operators 5g business agreements and contracts in the global market, including 59 5g commercial contracts that can be publicized, and 61 5g commercial networks have been put into operation. As for Nokia, as early as April 2020, Nokia announced that the number of 5g commercial contracts had increased to 70. According to the official financial data of the second quarter of Nokia, the number of 5g business contracts obtained by Nokia worldwide has reached 83 at this stage. From 70 copies to 83 copies, Nokia only took two months. This speed is due to the continuous pressure of the United States on Huawei. Some comprehensive global network extension reading minimum 249900 yuan! Teslas domestic model 3 cuts price again Beijing talks about green orange bicycles: illegally put bicycles out of Beijing before the end of October, trump moves again to reduce dependence on Chinas rare earth. Source: China Fund News Editor in charge: Yang Bin_ NF4368

As for Nokia, as early as April 2020, Nokia announced that the number of 5g commercial contracts had increased to 70. According to the official financial data of the second quarter of Nokia, the number of 5g business contracts obtained by Nokia worldwide has reached 83 at this stage.

From 70 copies to 83 copies, Nokia only took two months. This speed is due to the continuous pressure of the United States on Huawei.

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