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The European Commission is considering a de facto ban on Huawei’s 5G network equipment due to security concerns. But some European countries have been reluctant to follow U.S. demands straightaway, and Huawei is determined to stay in the race for lucrative infrastructure projects. The company is ready to face any extra security measures required to compete to develop next-generation 5G networks in central and eastern Europe, Andy Purdy, chief security officer at Huawei Technologies USA told Reuters on Wednesday.
“The U.S, government is very persistent, very determined and very forceful in communicating the messages about Huawei,” Purdy said in an interview, He also 3d millennium falcon cufflinks said that Huawei is ready to work with the Polish government on additional steps to build trust, The company has not as yet seen a slowdown in its business in Poland, the company’s senior standards manager in Europe said on Wednesday, “We don’t see slowdown in sales on Huawei equipment here ., but if the situation continues, at some point it will impact our business as well,” Georg Mayer told a news conference in Warsaw..
MEXICO CITY (Reuters) - Shares in Mexican billionaire Carlos Slim’s America Movil tumbled more than 5 percent a day after it reported slightly better than expected fourth quarter profit that did not impress investors disappointed by weak results all year. Striking an optimistic note about the year ahead, executives on Wednesday highlighted the company’s recent application for its first Mexican pay television license and forecast higher investments to grow its network. America Movil is controlled by the family of Slim, who was once the world’s richest man but whose fortune was diminished by increased competition after Mexican telecommunications reforms.
In the last three months of 2018, Latin America’s largest telecommunications firm by number of subscribers narrowly beat the profit and revenue expectations of analysts surveyed in a Reuters poll, Investors were unimpressed, 3d millennium falcon cufflinks said James Salazar, an analyst with CI Banco, and America Movil shares sank to their lowest levels in more than a month before recovering somewhat to trade down 3.4 percent at 14.55 pesos, “The fact is that for all of 2018, revenue was flat,” he said, “It’s nothing spectacular.”..
Mexico’s benchmark S&P/BMV IPC stock index sank more than 1 percent, dragged down by America Movil, one of the most heavily weighted stocks on the index. The company on Tuesday reported a net profit of 10.7 billion pesos ($541.7 million) for the fourth quarter. In the same period a year earlier it reported a large loss, battered by currency fluctuations. Revenue of 262.3 billion pesos was down slightly from 263.9 billion pesos in the same quarter of 2017. Slim has been barred from offering cable television in Mexico since he created Telmex from the privatization of Mexico’s state-run telecommunications company in the early 1990s. He has wanted to overturn the ban for years.
In December, Mexico’s telecom regulator IFT said an America Movil subsidiary had applied for a license to offer pay television in the country, America Movil Chief Executive Daniel 3d millennium falcon cufflinks Hajj publicly confirmed the application for the first time on a call with investors on Wednesday, If the IFT approves the request, America Movil could soon begin offering customers phone, internet and video services in one package, Hajj said, “We have the expertise in other countries,” he said, In addition, capital expenditures will increase, the company said on the call..
BRUSSELS/LONDON (Reuters) - The European Union has convened a wide-ranging industrial group to work on promoting the euro and fighting the monopoly of the U.S. dollar in oil and commodities trading, reflecting broader tensions with Washington over trade and sanctions. The group, which involves executives from European oil firms such as OMV and Eni and gas and power firms such as Fluxys and Engie, will meet behind closed doors in Brussels under the auspices of the European Commission on Thursday.
The workshop is part of an EU push to challenge the dominance of the dollar, with an EU official saying such a shift must be market-led, Participants are invited to dig into “constraints on (market-initiated) alternatives to the use of U.S, dollar through wider use of the euro, in spite of 3d millennium falcon cufflinks the benefits of such a change”, the Commission said in materials prepared for the meeting, The meeting, part of a consultation process until mid-2019, is expected to provide new input to EU plans for promoting the euro in energy trading..
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