U.K. Phone Market Will Be Duopoly for Years After Huawei Ban

(Bloomberg) — With Huawei Technologies Co. barred from Britain’s future wireless networks, its two European rivals look set to split the market.The ban — forcing phone companies to remove 5G Huawei equipment by 2027 and stop buying it by the end of this year — is a blow to the industry, which had lobbied hard to keep Huawei, and not just because of the burden of having to redesign the next-generation networks they were already building.Read more: U.K. Bans Huawei From 5G Networks in Security Crackdown It also turns Britain’s wireless radio equipment market into an effective duopoly of Finland’s …read more

Source:: Yahoo Finance

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