Vodafone  (Reuters)
Vodafone (Reuters)

Vodafone takes 200-mn-euro hit from Huawei 5G curbs

  • We have now decided as a result of the EU (recommendations) and the UK government's decision to take out Huawei equipment from the core, said Vodafone CEO

British telecoms giant Vodafone said Wednesday that it would take cost 200 million euros ($221 million) over five years to remove Chinese group Huawei's equipment from core 5G European activities.

"We have now decided as a result of the EU (recommendations) and the UK government's decision to take out Huawei equipment from the core, it will take around five years to implement at a cost of approximately 200 million euros," Vodafone CEO Nick Read said in a conference call on its third quarter trading.

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

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