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British telcos face fines for using Huawei equipment after Chinese tech giant’s ban from 5G networks

Britain’s telecommunications companies could be fined
up to 10 per cent of turnover or 100,000 pounds (US$133,140) a day
if they contravene a ban on using equipment made by China’s Huawei
Technologies Co. under a new law put forward on Tuesday.The
Telecommunications (Security) Bill will boost the security
standards of the UK’s telecoms networks and remove the threat of
high-risk vendors, the government said.Britain in July decided to
ban the use of Huawei in 5G networks from the end of
2027…