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Business & FinanceTech

Reuters reveals Orange venture in Belgium to replace Huawei mobile gear with Nokia kit

Reuters exclusively reported on Oct. 8 that telecoms operators Orange Belgium and Proximus have decided to progressively replace Huawei-made mobile equipment in Belgium and Luxembourg with Nokia gear, effectively ousting Huawei from the heart of the EU. The moves are among the first by commercial operators in Europe to drop Huawei from next-generation networks, and they come after months of diplomatic pressure from Washington.

Market Impact

The news – confirmed by Orange Belgium and Proximus the next day – sent Nokia’s shares up by more than 3% when markets opened Friday and prompted a public reaction by the U.S. undersecretary at the State Department for economic growth, energy and the environment.



Article Tags
Topics of Interest: Business & FinanceTech
Type: Reuters Best
Sectors: Equities
Regions: Europe
Countries: FranceSweden
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Market Impact