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.

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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.

Lose the big American Bill

Nokia shares fell nearly 20% at one time

As the main wireless access network provider of Verizon, the largest local telephone company in the United States, Nokia was expected to win the big 45 billion bill in early September.

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 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.

Whether Huawei will be allowed to participate in 5g network construction has not been decided in Germany and Italy. Despite the double pressure from the United States and Germany, German Chancellor Angela Merkel still insists on her position that she does not agree to a formal ban on Huawei.

As for Italy, it has been reported that Italy is considering whether to exclude Huawei from its 5g network construction because of concerns that it may pave the way for China to spy on key western telecom infrastructure.

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.

Huawei 5g order reversed by European giants

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

Therefore, according to the number of open orders, Huawei has 92 5g orders. The number of orders for European giant Ericsson, while being overtaken by Nokia.

According to public data, Ericsson announced the companys 5g order results after the Spring Festival in 2020. At that time, Ericsson had 81 5g commercial contracts.

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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