Tag: clinches

Nokia clinches 5G deal with BT to phase out Huawei’s kit in EE network

Nokia BT
Nokia BT

Nokia is set to become a major beneficiary of Huawei being blocked from the UK’s 5G networks.

The Finnish telecoms firm has struck a deal to become the largest equipment provider to BT.

Nokia will now provide additional base stations and antennas to let EE customers’ devices make calls and transmit data via the UK firm’s 5G “radio access network”.

The deal will also see Nokia replace Huawei in BT’s 2G and 4G networks.

EE’s network already uses Nokia to provide its 3G service.

The UK government announced in July that all the UK’s mobile providers were being banned from buying new Huawei 5G equipment after 31 December, and must also remove all the Chinese firm’s 5G kit from their networks by 2027.

The decision, which was taken on national security grounds, effectively ended a strong relationship between BT and Huawei that dated back to 2005.

Extended relationship

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Dow clinches best August since 1984, tech leads, Tesla surges

Dow, S&P finish best August since 1980s

The Dow fell shortly before the close to finish roughly 230 points, or 0.8%, lower. The S&P 500 fell slightly, while the Nasdaq Composite gained 0.7%. By avoiding a sharp selloff on Monday, the Dow and S&P 500 clinched their best August since 1984 and 1986, respectively. — Jesse Pound

Correction: The S&P 500 had its best August since 1986. An earlier version misstated the year.

Final hour of trading: Stocks are mixed to end best August in over 30 years

The major averages were mixed with one hour left in the session as Wall Street wrapped up its best August since 1984. The S&P 500 was up marginally while the Dow Jones Industrial Average slid 185 points, or 0.7%. The Nasdaq Composite advanced more than 1%. Both the S&P 500 and Dow were up more than 7% for their biggest August rally

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