Skip to content
Sunday 26 July 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE
City PM

European business, markets and politics

FTSE 100
10,736.23
+0.91%
DAX
25,099.00
+1.36%
CAC 40
8,372.28
+0.88%
STOXX 50
6,280.94
+1.14%
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
More
GermanyFranceBankingAIEnergyFintechPropertyCapital Markets
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
  • DE
Tuesday 18 December 2018 8:08 am  |  Updated:  Monday 03 June 2019 3:38 am

Huawei cements 5G sector takeover, hours after fresh warning from cyber watchdog

China's Huawei has claimed to hold the largest amount of 5G commercial contracts in the world, just hours after a cyber security watchdog joined the chorus of warnings that its technology could pose a security risk.

The telecoms equipment firm said it had secured more than 25 commercial contracts for 5G, rising from the 22 it declared in November. It added that it has now shipped more than 10,000 base stations.

The statement comes after the Czech cyber watchdog last night warned network operators against using software or hardware made by Huawei or fellow Chinese tech supplier ZTE, saying they could be a threat to national security.

Dusan Navratil, director of the Czech national cyber agency NCISA, said China's laws, which require firms to cooperate with its intelligence services, could present a threat when introducing those companies into other key state systems.

Huawei refuted the accuracy of statement, and called on the NCISA to provide proof of its assessment. A spokesman told Reuters that the company has not installed any "back doors" for the Chinese government.

The security of Huawei's tech has come under increasing scrutiny in Western nations this year, including in the UK where GCHQ's cyber arm has formed an oversight board for the company's presence here. In December, sources told Reuters that the Shenzhen-based firm has pledged $2bn (£1.6bn) to meet the UK's demands.

Earlier this month, BT said it has barred Huawei from bidding for its core 5G mobile network when it goes online in the UK. Huawei is banned from selling its technology in the US, Australia and New Zealand.

The news follows the arrest of Huawei's finance chief Meng Wangzhou in Canada, who is also the daughter of Huawei's founder. She faces accusations that she misled banks about Huawei's control of a company operating in Iran, putting the banks at risk of violating US sanctions and incurring severe penalties.

Rotating chairman Ken Hu told reporters today that despite the ongoing furore, Huawei expects revenue to exceed $100bn this year, up from reported revenue of $92bn in 2017.

Calling its 5G success "a big milestone in our history", Hu added: "When it comes to security allegations, it’s best to let the facts speak for themselves, and the fact is Huawei’s record on security is clean."

 

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Tech

Related Topics

Trending Articles

  • Wise denied US banking licence in blow to expansion plans

  • Housebuilder hits a wall: How did Vistry become the UK’s most shorted stock?

  • BT braces for loss of 800,000 customers as it banks on fibre to keep turnaround ‘on track’

  • Sky and ITV mount defence of £1.6bn merger as regulators probe deal

  • As it happened: Stocks jump as oil drops below $100; Trump in tariff blitz

More from City PM

  • UK government probes OpenAI breach after ‘unprecedented’ hack

    Tech
    Sam Altman discussing OpenAIs ChatGPT advancements at a press conference, emphasizing AI innovation and future developments
  • Accertify and Liminal Release First Empirical Study Proving Fraud-Cyber Convergence Works – and Defining How to Do It Right

    Business Wire
  • U.K. Firms Make Cyber Resilience Measurable

    Business Wire
  • Motor finance war of words heats up as City watchdog blasts law firm’s motives

    Legal
    The FCA has introduced new proposals to close the financial advice gap.
  • M&S chair: Tax and employment costs holding back Britain

    Retail
    Archie Norman, business leader, speaking at a corporate event wearing a suit and tie, engaging with the audience.
  • As it happened: FTSE 100 rises to defy tech gloom; oil creeps up on fresh Iran tensions

    Markets
    Donald Trump with hand on chin, appearing contemplative during a public event, wearing a suit and red tie.
  • Staff would turn down promotion to keep flexibility at work

    Retail
    Keir Starmer is heading to China
  • M&S to face shareholder grilling over cyber attack recovery

    Retail
    Marks and Spencer was one of three UK retailers to be targeted
CityPM

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Business

  • Markets
  • Banking
  • Technology
  • Energy
  • Property
  • Fintech

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About City PM
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 City PM Ltd · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook