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Xiaomi to pounce on Huawei market share with $4bn share sale

2020-12-01 01:00:00| Total Telecom industry news

Today, reports suggest that Chinese smartphone maker Xiaomi is poised to sell 1 billion shares in an effort to raise $3.2 billion, with a further $855 million to be generated from a seven-year, zero-coupon convertible bond. In total, the company is aiming to raise around $4 billion to expand its operations, particularly in order to capitalise on the continuous international pressure of their domestic rival Huawei…read more on TotalTele.com »

Tags: share sale market market share

UK govt tightens deadline for removing Huawei network equipment

2020-11-30 11:10:00| Telecompaper Headlines

(Telecompaper) The UK government is bringing forward the deadline for mobile network operators to stop installing Huawei equipment to September 2021. Writing in The Telegraph, Oliver Dowden, Secretary of State for Digital, said this new hard deadline would put an end to concerns that operators might stockpile equipment in the hope that government would reverse its decision for all Huawei 5G network equipment to be removed by 2027.

Tags: network equipment removing deadline

Huawei ban from UK 5G network brought forward

2020-11-30 01:02:20| BBC News | Business | UK Edition

The cut-off date of September for the installation of new equipment is earlier than expected.

Tags: network forward brought ban

UK issues draft telecom security bill implementing Huawei ban, new supply chain rules

2020-11-24 09:09:00| Telecompaper Headlines

(Telecompaper) The UK government has presented the draft Telecommunications (Security) Bill, creating new powers for the government to set security standards for telecom networks. The legislation implements its decision in July to ban Huawei from UK networks, setting the legal framework for new checks on the telecom supply chain and prohibiting high-risk vendors.

Tags: issues security rules bill