[SAN FRANCISCO] US regulators estimated Friday that it could cost small telecoms firms more than US$1.8 billion to remove and replace Huawei and ZTE gear flagged over security concerns. Read more at The Business Times.
US regulators estimated Friday that it could cost small telecoms firms more than US$1.8 billion to remove and replace Huawei and ZTE gear flagged over security concerns.[SAN FRANCISCO] US regulators estimated Friday that it could cost small telecoms firms more than US$1.8 billion to remove and replace Huawei and ZTE gear flagged over security concerns.
The Federal Communications Commission has classified the Chinese tech giants as national security threats and carriers are barred from using the Universal Service Fund to buy their equipment. An FCC assessment of how much networks supported by the federal fund rely on hardware and services from Huawei and ZTE estimated that a purge could cost US$1.84 billion in total.
"I once again strongly urge Congress to appropriate funding to reimburse carriers for replacing any equipment or services determined to be a national security threat so that we can protect our networks and the myriad parts of our economy and society that rely upon them," FCC Chairman Ajit Pai said in a statement.
Huawei is one of the few companies capable of building 5G networks and is widely viewed as providing the most advanced option for the super-fast data transfers behind technologies such as self-driving cars.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Kimberly-Clark to buy Indonesian diaper maker Softex for US$1.2b[BENGALURU] Kimberly-Clark Corp said on Thursday it would buy diaper maker Softex Indonesia for US$1.2 billion in cash from a group of shareholders that includes CVC Capital Partners Asia Pacific, as it looks to boost its presence in South-east Asia. Read more at The Business Times.
Read more »
Rural telecom networks would spend US$1.837 billion to remove Huawei, ZTE equipment: FCCU.S. rural telecom networks, which have relied on inexpensive equipment from Huawei and ZTE to run their businesses, have told the government that ...
Read more »
China biggest player in US election interference, says US national security adviserWASHINGTON (REUTERS) - China has the largest programme among countries seeking to interfere in the US election and has taken the most active role, US national security adviser Robert O'Brien said on Friday (Sept 4), although he provided no details.. Read more at straitstimes.com.
Read more »
US military sticks with Microsoft for US$10 billion Jedi cloud contractSAN FRANCISCO (AFP) - The US Department of Defence said on Friday (Sept 4) it is sticking with its decision to award a US$10 billion (S$13 billion) cloud computing contract to Microsoft, despite Amazon's claims that President Donald Trump improperly influenced the process.. Read more at straitstimes.com.
Read more »
China may dump US Treasuries as Sino-US tensions flare: Global TimesChina may gradually cut its holdings of U.S. Treasury bonds and notes, in light of rising tensions between Beijing and Washington, state-backed ...
Read more »
VW-backed US battery maker QuantumScape to go public at US$3.3 billion valuationQuantumScape, the 10-year-old Silicon Valley battery startup backed by Volkswagen AG , said on Thursday it plans to go public through a reverse ...
Read more »