Telefonica Deutschland picks Nokia and Huawei for 5G network | Malay Mail

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BERLIN, Dec 11 — Telefonica Deutschland today picked Nokia of Finland and China’s Huawei to build its 5G network, seeking to get work moving even though Germany has yet to finalise security rules governing the industry. The decision by the unit of Spain’s Telefonica comes amid heated debate...

A Huawei company logo is pictured at the Shenzhen International Airport in Shenzhen, Guangdong province, China July 22, 2019. — Reuters pic

The decision by the unit of Spain’s Telefonica comes amid heated debate in Germany over whether to heed US warnings that Huawei poses a security threat. Proposals under discussion range from tighter parliamentary scrutiny to a possible outright ban. “With this decision Telefonica Deutschland is taking into account the fact that the political process has not yet been completed, without delaying the start of work on building the 5G network,” the company said in a statement.

The company, which is holding an investor briefing in London later, said it would cut its 2019 dividend by 37 per cent as it prioritises network investments over the next three years.

 

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