British telcos face fines for using Huawei equipment after Chinese tech giant’s ban from 5G networks

• Britain’s telcos could be fined up to 10 per cent of turnover or US$133,140 a day if they use Huawei equipment, under a new law put forward on Tuesday
• The new bill will boost the security standards of the UK’s telecoms networks and remove the threat of high-risk vendors, the government says