Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Swedish court allows telecoms regulator to go ahead with Huawei exclusion

Published 12/16/2020, 05:09 AM
Updated 12/16/2020, 06:50 AM
© Reuters. FILE PHOTO: A smartphone with the Huawei and 5G network logo is seen on a PC motherboard in this illustration

STOCKHOLM (Reuters) -A Swedish appeals court on Wednesday said telecoms regulator PTS would be able to conduct 5G spectrum auctions, setting aside an earlier ruling, though it remained an option for Chinese telecom equipment maker Huawei to appeal the decision.

PTS said last month it was halting 5G spectrum auctions and appealing a court decision to suspend parts of its earlier decision, in which it followed Britain in banning Huawei equipment from 5G networks, citing national security risks.

The auctions, which were delayed earlier due to security review, would allocate frequencies in the 3.5 GHz and 2.3 GHz bands, crucial for 5G as those bands can support advanced applications due to their high data carrying capacity.

"The administrative court partly grants the appeal," the Stockholm administrative court of appeal said in a statement.

PTS said that with the court decision, it would be possible to carry out the auction "in the near future".

"The new 5G technology enables the interconnection of users, things and applications, which is expected to lead to great benefits for the whole society, not least by strengthening the companies' competitiveness and streamlining the public service," the Stockholm administrative court of appeal said in a statement.

"A delayed 5G expansion thus risks having negative consequences for the Swedish business community by losing competitiveness vis-à-vis the outside world.

Representatives of Huawei did not immediately respond to requests for comment.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.