U.K. to Support Nokia and Ericsson in Huawei Phase-Out Plan
- Officials to examine “capital position” of Nordic 5G suppliers
- Prime Minister to establish task force for Huawei phase-out
Photographer: Stefan Wermuth/Bloomberg
This article is for subscribers only.
The U.K. said it needs to protect Finland’s Nokia Oyj and Sweden’s Ericsson AB, following its ban of China’s Huawei Technologies Co in British 5G networks.
By excluding Huawei, the U.K. is cutting its number of crucial telecommunications suppliers from three to just two -- so it can’t afford for either of them to also vanish, culture secretary Oliver Dowden told lawmakers on Wednesday.