Huawei to invest $2bn in UK security

By Bruno Reis

Huawei, the Chinese telecommunications firm, has pledged to invest US$2bn into its security systems in the UK.

The financing will be used to overhaul its current systems and practices in the nation, the Financial Times reported.

Executives from the firm met with officials from the Government Communications Headquarters’ (GCHQ) National Cyber Security Centre (NCSC) last week.

SEE ALSO:

Huawei is anticipated to write a formal report to the NCSC outlining the agreement and the issues that will be addressed.

“As was made clear in July … the NCSC has concerns around a range of technical issues and has set out improvements the company must make,” an NSCS spokesperson informed CNBC through email.

"The U.K. government and British telecoms operators work with Huawei to manage cyber security risks while ensuring the U.K. can continue to benefit from new technology.”

Security officials in the UK have revealed that any concerns are related to technical deficiencies.

Share

Featured Articles

Top 10 largest revenue generating family businesses in MENAT

From the UAE to Turkey, these family firms are the largest by revenue in MENAT and cover everything from energy to entertainment

Top 10 metaverse projects in the UAE, including world firsts

As Accenture predicts the metaverse will fuel a US$1 trilion commerce opportunity by 2025, we round up 10 pioneering metaverse projects in the UAE

PwC’s survey shows Middle East CEOs remain upbeat on growth

CEOs in the Middle East are far more optimistic about regional growth than those in North America and Europe, according to PwC’s annual survey

Opinion: “Why we must tackle the digital skills crisis"

Leadership & Strategy

5 Mins With: Kathryn Kaminsky Vice Chair Trust Solutions PwC

Leadership & Strategy

Survey: The Future of Cloud Security in the Middle East

Technology