AGL 40.06 Increased By ▲ 0.06 (0.15%)
AIRLINK 130.61 Increased By ▲ 1.08 (0.83%)
BOP 6.82 Increased By ▲ 0.14 (2.1%)
CNERGY 4.63 No Change ▼ 0.00 (0%)
DCL 9.05 Increased By ▲ 0.11 (1.23%)
DFML 43.51 Increased By ▲ 1.82 (4.37%)
DGKC 84.25 Increased By ▲ 0.48 (0.57%)
FCCL 33.00 Increased By ▲ 0.23 (0.7%)
FFBL 78.80 Increased By ▲ 3.33 (4.41%)
FFL 11.71 Increased By ▲ 0.24 (2.09%)
HUBC 110.70 Increased By ▲ 0.15 (0.14%)
HUMNL 14.71 Increased By ▲ 0.15 (1.03%)
KEL 5.43 Increased By ▲ 0.04 (0.74%)
KOSM 8.29 Decreased By ▼ -0.11 (-1.31%)
MLCF 39.82 Increased By ▲ 0.03 (0.08%)
NBP 61.00 Increased By ▲ 0.71 (1.18%)
OGDC 199.29 Decreased By ▼ -0.37 (-0.19%)
PAEL 26.71 Increased By ▲ 0.06 (0.23%)
PIBTL 7.81 Increased By ▲ 0.15 (1.96%)
PPL 160.15 Increased By ▲ 2.23 (1.41%)
PRL 26.82 Increased By ▲ 0.09 (0.34%)
PTC 18.50 Increased By ▲ 0.04 (0.22%)
SEARL 82.89 Increased By ▲ 0.45 (0.55%)
TELE 8.28 Decreased By ▼ -0.03 (-0.36%)
TOMCL 34.50 Decreased By ▼ -0.01 (-0.03%)
TPLP 9.07 Increased By ▲ 0.01 (0.11%)
TREET 16.96 Decreased By ▼ -0.51 (-2.92%)
TRG 60.80 Decreased By ▼ -0.52 (-0.85%)
UNITY 27.55 Increased By ▲ 0.12 (0.44%)
WTL 1.42 Increased By ▲ 0.04 (2.9%)
BR100 10,550 Increased By 143.3 (1.38%)
BR30 31,988 Increased By 274.2 (0.86%)
KSE100 98,335 Increased By 1006.8 (1.03%)
KSE30 30,582 Increased By 389.1 (1.29%)

China's Huawei, considered a security threat in the US, on Wednesday signed a deal with Russian telecoms company MTS to develop a 5G network in the country over the next year, The agreement was signed on the sidelines of a meeting between Chinese leader Xi Jinping and Russian President Vladimir Putin in Moscow. The deal will see "the development of 5G technologies and the pilot launch of fifth generation networks in 2019-2020", MTS said in a statement.
Quoted in the statement, Huawei's Guo Ping, said he was "very happy" with the agreement "in an area of strategic importance like 5G". The Chinese telecom giant has been in turmoil since May, when the Trump administration banned US companies from selling high-tech equipment to Huawei over suspicions it is spying for Beijing.
Experts say the US decision, to come into force within three months, threatens the survival of the company, which is highly dependent on US chips for its phones. Several companies have already distanced themselves from Huawei, including Google, whose Android system equips the vast majority of smartphones in the world. Huawei's reported potential involvement in Britain's 5G network has proved politically sensitive and Theresa May's government insists no decision has been made on the issue.

Copyright Agence France-Presse, 2019

Comments

Comments are closed.