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British telcos may be fined 10% of revenues for using Huawei gear under new law

British telcos may be fined 10% of revenues for using Huawei gear under new law

Telecoms companies that run foul of proposed new security legislation face fines of up to 10% of their annual turnover, or £100,000 a day, under a new law to be laid in Parliament that awards the government ’unprecedented’ powers to boost the security standards of the UK’s telecoms networks and force the removal of high-risk suppliers, such as Huawei.

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