Home NEWS British telcos may be fined 10% of revenues for using Huawei equipment

British telcos may be fined 10% of revenues for using Huawei equipment

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Over the past two years the British government has attributed a range of cyber attacks to Russia and China, as well as North Korea and Iranian actors

According to CNBC,British telcos could face large fines if they fail to tighten security in their networks under a new law being announced in British Parliament on Tuesday.

The proposed Telecommunications Security Bill is designed to improve security in the U.K’s 5G and full-fiber networks. Under the bill, network operators must ensure the equipment and software used at phone mast sites and telephone exchanges meets certain standards.

Notably, the bill gives the government the power to fine operators if they use Huawei equipment in the nation’s 5G networks.

If the bill is passed, the government said it plans to fine telecoms firms up to 10% of turnover or £100,000 ($133,000) a day if they fail to comply with the rules.

Huawei Vice President Victor Zhang said in a statement:“This decision is politically-motivated and not based on a fair evaluation of the risks. It does not serve anyone’s best interests as it would move Britain into the digital slow lane and put at risk the government’s levelling up agenda.”

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Surge is the Founder of Hms Arena.he lives in China and knows about China's mobile phone market.
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