Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

U.S. to open program to replace Huawei equipment in U.S. networks

09/27/2021 | 05:06pm EST
FILE PHOTO: A Huawei logo is seen at the Mobile World Congress (MWC) in Shanghai

WASHINGTON (Reuters) - The U.S. Federal Communications Commission (FCC) on Monday said it would open a $1.9 billion program to reimburse mostly rural U.S. telecom carriers for removing network equipment made by Chinese companies deemed national security threats like Huawei and ZTE Corp.

The program, which was finalized in July, will open Oct. 29 for applications through Jan. 14, 2022.

Last year, the FCC designated Huawei and ZTE as national security threats to communications networks - a declaration that barred U.S. firms from tapping an $8.3 billion government fund to purchase equipment from the companies. The FCC in December adopted rules requiring carriers with ZTE or Huawei equipment to "rip and replace" that equipment.

The issue is a big one for rural carriers that face high costs and difficulty finding workers to remove and replace equipment.

The FCC's final order expanded the companies eligible for reimbursement from those with 2 million or fewer customers to those with 10 million or fewer customers.

The FCC in September 2020 estimated it would cost $1.837 billion to remove and replace Huawei and ZTE equipment from networks.

In June, the FCC voted to advance a plan to ban approvals for equipment in U.S. telecommunications networks from Chinese companies deemed national security threats like Huawei and ZTE. The FCC could also revoke prior equipment authorizations issued to Chinese companies. In March, the FCC designated five Chinese companies as posing a threat to national security under a 2019 law aimed at protecting U.S. communications networks.

The affected companies included the previously designated Huawei and ZTE, as well as Hytera Communications Corp, Hangzhou Hikvision Digital Technology Co and Zhejiang Dahua Technology Co.

In August 2020, the U.S. government barred federal agencies from buying goods or services from any of the five Chinese companies.

(Reporting by David Shepardson; Editing by Steve Orlofsky)


© Reuters 2021
Latest news "Economy & Forex"
11/28UK regulator set to block Meta's Giphy deal - FT
RE
11/28WALL STREET STOCK EXCHANGE : U.S. stock futures, oil rally as mood lightens
RE
11/28Indonesia president says will ensure legal certainty after ruling on investment law
RE
11/28Oil rebounds on speculation OPEC+ may pause output increase
RE
11/28Japan PM Kishida says foreign visitors to be barred entry from Nov 30
RE
11/28TREASURIES-Bond surge stalls awaiting Omnicron prognosis
RE
11/28Currencies recover from Omicron chaos but analysts warn more volatility ahead
RE
11/28Indian shares fall as auto, metals slide; Paytm down
RE
11/28Currencies recover from Omicron chaos but analysts warn more volatility ahead
RE
11/28Wheat rebounds on tightening supplies, strong demand
RE
Latest news "Economy & Forex"