Bloomberg

U.K. Defers Huawei 5G Decision, Seeks Clarity on U.S. Export Ban

U.K. Defers Huawei 5G Decision, Seeks Clarity on U.S. Export Ban

Huawei Vice President Victor Zhang said in a statement Monday evening that the government review “gives us confidence that we can continue to work with network operators to roll out 5G across the U.K.”

Based on discussions with three of the U.K.’s four carriers, analyst firm Assembly estimated in April that restrictions on the use of Huawei could delay the 5G roll-out by between 18 and 24 months, resulting in a 4.5 billion pounds ($5.6 billion) to 6.8 billion pound hit to the U.K. economy.