Earlier this year, the United Kingdom banned Chinese giant Huawei from participated in its 5G infrastructure development and asked telecom companies to remove Huawei’s equipment by 2027.
Now, the U.K. has revealed that it will be spending around 250 million pounds (approximately $333 million) to replace Huawei’s equipment from the telecom infrastructure in the country. It seems that about 50 million pounds will be spent next year to help build “a secure and resilient 5G network.”
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With Huawei out-of-the-picture, there will be just two suppliers to the phone carriers in the U.K. — Nokia and Ericsson. This duopoly could hurt security as well as boost prices in the market. So, the funds will also be used to start a task force, which is expected to reveal more information about the findings at the end of the year.
In July this year, Huawei was banned by the U.K. from taking part in its 5G infrastructure development. It is believed that this was a result of pressure from the United States, which had banned the company a year prior.
As more and more companies are banning the Chinese giant to work on their telecom network because of security concerns, companies like Nokia and Ericsson have benefited by getting major contracts from network carriers.
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