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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  BT Group plc    BT.A   GB0030913577

BT GROUP PLC

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BT : to remove Huawei equipment from its core 4G network - FT

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12/05/2018 | 12:51am EDT
FILE PHOTO: A man walks past a sign board of Huawei at CES (Consumer Electronics Show) Asia 2018 in Shanghai

(Reuters) - Britain's BT Group Plc will remove Huawei Technologies Co's equipment from its core 4G network within two years, the Financial Times reported on Wednesday.

The move by BT will bring its mobile phone business in line with an internal policy to keep the Chinese company's equipment at the edge of telecoms infrastructure, the paper said https://www.ft.com/content/c639aaf4-f7c9-11e8-8b7c-6fa24bd5409c.

BT has also excluded Huawei from bidding for contracts to supply equipment for use in its core 5G network, it said.

However, BT will continue to use Huawei's kit in what it considers to be benign parts of the network, such as equipment on masts, FT said.

The Wall Street Journal in November reported that the U.S. government was trying to persuade wireless and internet providers in allied countries to avoid telecommunications equipment from Huawei. Later, New Zealand rejected Huawei's first 5G bid citing national security risk.

Earlier this year, Australia too banned Huawei from supplying 5G equipment, also citing security risks.

BT and Huawei were not immediately available for comments.

(The story corrects paragraph 3 to 'core' 5G network, from 5G network)

(Reporting by Bhargav Acharya in Bengaluru; Editing by Gopakumar Warrier)

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Financials (GBP)
Sales 2019 23 388 M
EBIT 2019 3 856 M
Net income 2019 2 051 M
Debt 2019 11 547 M
Yield 2019 6,69%
P/E ratio 2019 10,62
P/E ratio 2020 10,33
EV / Sales 2019 1,47x
EV / Sales 2020 1,54x
Capitalization 22 808 M
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Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 2,84  GBP
Spread / Average Target 24%
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Managers
NameTitle
Philip Eric Rene Jansen Chief Executive Officer & Executive Director
Jan Petrus du Plessis Chairman
Simon Jonathan Lowth Group Chief Financial Officer & Executive Officer
Howard Watson Chief Technology & Information Officer
Nicholas Charles Rose Senior Independent Non-Executive Director
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