Business Express is an online portal that covers the latest developments in the world of business and finance. From startups and entrepreneurship to mergers and acquisitions, Business Express provides reporting on the stories that matter most to business leaders and decision-makers.The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
2023 08 04T110322Z 1 LYNXMPEJ730FZ RTROPTP 4 CHINA HUAWEI TECH PHONES | Business Express

Huawei ban would cost German rail operator 400 million eur – Spiegel

Huawei ban would cost German rail operator 400 million eur – Spiegel

BERLIN (Reuters) – Germany’s national railway operator would have to spend up to 400 million euros ($437.44 million) to replace all the components in its infrastructure supplied by Chinese tech giant Huawei Technologies, Spiegel magazine reported on Friday.

Deutsche Bahn, which is state-owned, would face delays of five to six years for its projects if the German government decided to ban Huawei components in the short term, the report said, citing an internal company document.

A spokesperson for Deutsche Bahn said the company would not comment on internal documents.

The German government is currently reviewing whether certain components from Huawei and ZTE should be banned from its telecoms networks, amid broader concerns about the influence of Chinese companies on critical infrastructure.

Any decision to ban Huawei outright would likely draw an angry response from Beijing, with the Chinese foreign ministry having urged Berlin to act in line with its own interests and international rules.

Don't miss out on any breaking news or insightful opinions!
Subscribe to our free newsletter and stay updated on the go!

By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Deutsche Bahn, which is seeking to digitise its operations, last December awarded a Deutsche Telekom subsidiary a 64-million-euro contract to supply most of the components for its new IP network to a company using technology from Huawei.

($1 = 0.9144 euros)


(Reporting by Rachel More; Editing by Miranda Murray)


Recent Post: