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MarketScreener Homepage  >  Equities  >  Warsaw Stock Exchange  >  Orange Polska SA    TPSA   PLTLKPL00017

ORANGE POLSKA SA

(TPSA)
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Orange Polska : Poland arrests Huawei employee amid syping allegations

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01/11/2019 | 10:08am EDT

Huawei’s problems in the west have gone from bad to worse after Polish security authorities arrested a Chinese employee of the company and a Polish national on allegations of espionage.

Polish broadcaster TVP reports authorities raided Huawei’s offices in the country, local operator and workplace of the Polish national Orange Polska, and telecoms regulator Poland’s Office of Electronic Communications.

“The Chinese national is a businessman working in a major electronics company ... the Pole is a person known in circles associated with cyber business,” Maciej Wasik, the deputy head of Poland’s special services, told state news agency PAP.

Huawei Poland

Orange Polska confirmed that materials related to one of its employees had been gathered, while Huawei said it was aware of the situation and that it would not be making any comment at this time.

“Huawei complies with all applicable laws and regulations in the countries where it operates, and we require every employee to abide by the laws and regulations in the countries where they are based,” a Huawei spokesperson told TechRadar Pro.

Scrutiny of the use of Huawei’s kit in sensitive infrastructure such as telecoms have increased in recent months as a number of governments and security agencies have expressed their concern.

Huawei has effectively been frozen out of the US market, although it does provide equipment to a number of smaller players in the country, while Australia has banned its operators from using Huawei equipment in their 5G rollouts on national security grounds. It has also been reported that the US is urging its allies to take similar actions.

The main basis for these fears is a perception that Huawei is linked to the Chinese government and that the use of the company’s equipment risks the possibility of backdoors that could be used for espionage. These fears are heightened by 5G because of the sensitive information these networks will carry.

Huawei has repeatedly denied such accusations, pointing out that it works with security agencies around the world and that it sells products to more than 500 operators in 170 countries without issue. This includes the UK, where BT, EE, Vodafone and Three are all customers.

-- Here are the best Huawei phone deals in 2019

(c) 2019 Future Publishing Limited Quay House, The Ambury, Bath BA1 1UA. All rights reserved Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

Stocks mentioned in the article
ChangeLast1st jan.
ORANGE -0.75% 13.305 Real-time Quote.-5.30%
ORANGE POLSKA SA -2.71% 6.46 End-of-day quote.34.86%
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Financials (PLN)
Sales 2019 11 248 M
EBIT 2019 469 M
Net income 2019 91,9 M
Debt 2019 7 245 M
Yield 2019 -
P/E ratio 2019 64,6x
P/E ratio 2020 31,2x
EV / Sales2019 1,40x
EV / Sales2020 1,36x
Capitalization 8 452 M
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Mean consensus HOLD
Number of Analysts 12
Average target price 6,24  PLN
Last Close Price 6,44  PLN
Spread / Highest target 22,7%
Spread / Average Target -3,12%
Spread / Lowest Target -31,7%
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Managers
NameTitle
Jean Francois Fallacher Chairman-Management Board
Maciej Krzysztof Witucki Chairman-Supervisory Board
Maciej Mateusz Nowohonski Member-Management Board & Finance Director
Wieslaw Jan Rozlucki Independent Member-Supervisory Board
Marc Ricau Secretary-Supervisory Board
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