British government criticized for letting Huawei supply some 5G components [Toronto Globe and Mail (Ontario, Canada)]
Ericsson - American Depositary Shares each representing 1 underlying Class B share (ERIC)
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Source: Toronto Globe and Mail
The British government is facing a backlash at home and in Washington over its decision to allow Huawei Technologies Co. Ltd. to supply some components for the country’s 5G wireless network. The government announced Tuesday that “high-risk vendors” such as Huawei will be excluded from “sensitive core parts of the 5G and gigabit-capable networks.” It will also limit these vendors to a 35-per-cent share of the overall market for 5G infrastructure equipment and will ban their technology from “sensitive geographic locations” such as nuclear power plants and military bases. Foreign Secretary Dominic Raab defended the move, saying the U.K. was capable of managing the security risks. “It is the right decision for the U.K.’s specific circumstances,” Mr. Raab told the House of Commons. “Risk cannot be eliminated in telecoms. But it is the job of government, [regulators] and industry to work together to ensure we reduce our vulnerabilities and mitigate those risks.” Story continues below advert
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Earnings
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- 1/31/24 - UBS Group AG
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- 4/17/24 - Form 6-K
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- 3/20/24 - Form 6-K
- ERIC's page on the SEC website