logo
Telefonica ditches Huawei's 5G gear in Spain and Germany; keeps it in Brazil

Telefonica ditches Huawei's 5G gear in Spain and Germany; keeps it in Brazil

Reuters30-07-2025
MADRID, July 30 (Reuters) - Spanish telecom giant Telefonica (TEF.MC), opens new tab is replacing all of its 5G equipment made by Chinese manufacturer Huawei (833427.BJE), opens new tab in Spain and Germany to comply with local rules, but it intends to keep it in Brazil.
"In both Germany and Spain, we are reducing our exposure to Huawei following the rules we have in these countries," Chief Operating Officer Emilio Gayo told Reuters on Wednesday.
In both countries, telecom companies must phase out Huawei-made devices in core 5G networks over concerns the Chinese company's handling of the critical infrastructure could pose a potential security risk.
In Britain, where Huawei gear is also banned, "we have a very, very low exposure to Huawei," Gayo added.
However, neither Brazil nor other Latin American countries restrict the use of Huawei gear.
Telefonica's Chief Executive Marc Murtra said his company made sure that all equipment from every provider complied with the same strict standards, guaranteeing security for the company and its customers.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

European shares rise on Fed rate cut hopes
European shares rise on Fed rate cut hopes

Reuters

time16 minutes ago

  • Reuters

European shares rise on Fed rate cut hopes

Aug 13 (Reuters) - European shares advanced on Wednesday, with technology and defence stocks leading gains, as global mood remained buoyant after tame U.S. inflation data cemented expectations of interest rate cuts by the Federal Reserve. The pan-European STOXX 600 index (.STOXX), opens new tab rose 0.4%, as of 0704 GMT, with Germany's blue-chip DAX (.GDAX), opens new tab up 0.6% after dipping in the previous session. Global stocks rallied and Wall Street closed at record highs as traders priced in a 94% chance of a Fed rate cut in September, according to the CME FedWatch tool. Meanwhile, leaders from Europe and Ukraine are set to speak to U.S. President Donald Trump later in the day ahead of his summit with Russian President Vladimir Putin. TUI ( opens new tab rose 1.7% after Europe's largest tour operator posted better-than-expected results as summer travel proved to be resilient. ( opens new tab reported a bigger first-half core profit and maintained its full-year outlook with Europe's largest energy grids operator calling on Germany to raise future returns on grid investments. Shares were marginally up. Vestas ( opens new tab fell 1.8% after the wind turbine maker reported a smaller-than-expected rise in operating profit for the second quarter but maintained its fiscal-year financial outlook.

Tui cheers profit jump despite pressure from heat waves and Middle East conflict
Tui cheers profit jump despite pressure from heat waves and Middle East conflict

The Independent

timean hour ago

  • The Independent

Tui cheers profit jump despite pressure from heat waves and Middle East conflict

Holiday giant Tui has revealed a jump in profits despite a 'challenging' backdrop linked to European heat waves and conflict in the Middle East. Bosses at the firm stressed that the group has been boosted by its recent growth strategy. The German-based tour operator saw profits surpass expectations after positive trading from its cruises and experiences operations. The update came a day after the company upgraded its financial forecasts for the current year. Tui Group chief executive Sebastian Ebel said: 'The third quarter and the first nine months of the financial year 2025 were strong. Our strategy is paying off. 'We are benefiting from our integrated and diversified business model and managed to reduce the group's seasonality further. 'All this in a continuing challenging environment for our markets and airlines segment with economic difficulties in Europe, Europe-wide heat waves in the summer and the conflict in the Middle East.' The company said summer bookings in its markets and airlines business are down 2% year-on-year. Tui said this has been driven by a continued trend towards late bookings, citing 'the impact of the June and July heat waves in our source markets, as well as the Middle East conflict'. But it highlighted a 'positive start' to bookings for the winter season. It came as Tui cheered record underlying earnings for the quarter to June 30, rising to 321 million euros (£278 million) from 232 million euros (£201 million) a year earlier. This was supported by a 56.2% jump in earnings from its cruises business, which was buoyed by the launch of two new cruise ships and strong trading conditions. Meanwhile, earnings in its Tui Musement activities and experiences business were up 6.8% for the quarter. The company said total underlying earnings are now on track to grow by between 9% and 11% this year. It previously forecast growth of between 7% and 10%. Tui told shareholders that total group revenues increased by 7.1% to 6.2 billion euros (£5.4 billion) for the quarter, amid growth in both volumes and prices.

Spain's final 12-month EU-harmonised inflation at 2.7% in July
Spain's final 12-month EU-harmonised inflation at 2.7% in July

Reuters

timean hour ago

  • Reuters

Spain's final 12-month EU-harmonised inflation at 2.7% in July

Aug 13 (Reuters) - Spain's European Union-harmonised 12-month inflation rate rose to 2.7% in July, up from 2.3% in the period through June, final data released by the National Statistics Institute (INE) showed on Wednesday. The INE's final data was in line with the 2.7% forecast in both the flash reading released two weeks ago and the average estimate from analysts polled by Reuters. Core inflation, which strips out volatile fresh food and energy prices, rose to 2.3% in the 12-months through July, up from 2.2% in the period through June, the INE said. Spanish national consumer prices also rose 2.7% in the 12 months through July, up from a 2.3% increase in the period through June, and in line with the 2.7% rate initially measured by the INE two weeks ago.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store