The UK has allocated $333 million to replace Huawei's 5G equipment

The UK has allocated $333 million to replace Huawei's 5G equipment
The UK has allocated 250 million pounds ($333 million) to diversify suppliers of 5g wireless equipment in connection with the rejection of next-generation telecommunications technologies by Chinese company Huawei Technologies.

About 50 million pounds of this amount will be spent next year to help create a "secure and fault-tolerant 5G network," according to a review of upcoming spending by the UK Treasury published on Wednesday.

By 2027, Huawei equipment must be removed from UK 5G networks for security reasons, leaving Telecom operators dependent on supplies from Finland's Nokia Oyj and Sweden's Ericsson AB. These companies have already signed major contracts with British Telecom operators such as BT Group Plc and Three UK, part of CK Hutchison Holdings.

It is noted that other major global suppliers, such as Korea's Samsung Electronics, currently do not offer the necessary equipment to immediately conclude major deals with British operators.

Due to the fact that reduced competition can harm security and contribute to higher prices for equipment, the UK Minister for digital technology, culture, media and sport, Oliver Dowden, decided to create a task force to stimulate the growth of the number of suppliers. More detailed information about it will be published before the end of the year.
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