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MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Ericsson AB    ERIC B   SE0000108656

ERICSSON AB

(ERIC B)
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Huawei cyber security chief says no operator gives it access to intercept equipment

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02/15/2020 | 06:47am EST
busFILE PHOTO: The Huawei logo is seen on a communications device in London, Britain

Huawei's cyber security chief said on Friday that he was not aware of any mobile operator ever having given the Chinese company access to the equipment used to intercept calls when required to do so by security services.

United States officials told the Wall Street Journal this week that Huawei could covertly access communications using the equipment that networks were legally obliged to install to allow access by law enforcement services.

Huawei rejected the allegation.

"We have no access to this equipment, we don't know what call or information is being intercepted, we don't know when it is intercepted - all we do is provide one side of the box which is blind to what's happening on the other side of the box," John Suffolk told reporters.

Suffolk said Huawei did not make the equipment that network operators used to intercept communications if required, adding that the United States had not produced any evidence to support any of its allegations.

"We just say: 'Don't hide it, don't be shy. Publish it, let the world see it'," he said.

The official said Huawei's equipment had to be connected, but he did not know how close it was to the "lawful intercept gateway", which was often located in a special room because of the sensitivity.

"I'm not aware of any operator who has said to Huawei: 'Come and sit in this room and see what's going on'," he said.

"If I found out that our staff were involved with such things, then we would take appropriate action on that."

Suffolk said governments and operators were "smart", and were supporting Huawei, which competes with Ericsson and Nokia in the telecoms equipment market.

He asked why, given the U.S. allegations, competitors were not growing at 30% or 40%.

"The faith of our customers, and you can see this in the results over the past 30 years, gives an indication of what our customers think of those allegations," he said.

(Reporting by Paul Sandle; Editing by Stephen Addison and Alexander Smith)

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Financials (SEK)
Sales 2020 237 B
EBIT 2020 24 665 M
Net income 2020 15 003 M
Finance 2020 31 327 M
Yield 2020 1,98%
P/E ratio 2020 19,5x
P/E ratio 2021 16,3x
EV / Sales2020 1,08x
EV / Sales2021 1,01x
Capitalization 289 B
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 96,78  SEK
Last Close Price 86,74  SEK
Spread / Highest target 32,6%
Spread / Average Target 11,6%
Spread / Lowest Target -11,2%
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Managers
NameTitle
Erik Börje Ekholm President, Chief Executive Officer & Director
Ronnie Leten Chairman
Carl Mellander CFO, Senior VP & Head-Group Function Finance
Erik Ekudden Chief Technology Officer & Senior Vice President
Torbjörn Nyman Director
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