Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Samsung enters Europe with Vodafone 5G UK deal

06/14/2021 | 09:39am EDT

British telecoms group Vodafone has chosen Samsung Electronics to supply its 5G network equipment in Britain.

It's something of a breakthrough for the South Korean company in Europe's telecoms gear market.

Mobile operators are increasingly considering Samsung to replace China's Huawei as a supplier.

Executives from Spain's Telefonica and France's Orange have previously told Reuters that they've held talks with the firm.

Britain has already ordered all Huawei equipment to be removed from its 5G network by the end of 2027, citing national security risks.

Samsung is thought to be banking on Europe to maintain growth in its network equipment business as 5G rollouts widen.

The European telecoms equipment market is dominated by Nokia, Ericsson and Huawei.

But Samsung has entered the picture after it unexpectedly landed a $6 billion deal with U.S. giant Verizon in September.


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
TELEFÓNICA, S.A. 0.25% 4.07 Delayed Quote.25.04%
VERIZON COMMUNICATIONS -0.07% 55.325 Delayed Quote.-5.14%
Latest news "Economy & Forex"
11:11aFed taper bets knock gold in run-up to U.S. jobs data
RE
11:06aViacomCBS adds millions of new subscribers, to launch Paramount+ in Europe
RE
11:01aFed lifts restrictions on JPMorgan imposed after forex manipulation
RE
10:58aEthereum software upgrade activated; ether reverses losses, trades up
RE
10:45aCheniere sees Louisiana Sabine 6 LNG unit on in H1 2022
RE
10:44aCanada's TMX shares surge to one-year high on better-than-expected profit
RE
10:43aDollar recovery loses steam in wait for strong clues on rates, economy
RE
10:43aLatest social media darling Robinhood slides 13%
RE
10:43aLatest social media darling Robinhood slides 13%
RE
10:37aVW China delivered 5,800 ID. electric vehicles in July
RE
Latest news "Economy & Forex"