Feeds

UK's loyalty set for £1.2bn Huawei reward

There's a good boy...

High performance access to file storage

The UK economy is set to get a much needed boost on Tuesday when Chinese telecoms equipment maker Huawei announces an expected £1.2bn investment including hundreds of jobs.

The announcement, which is expected to be endorsed by prime minister David Cameron, will consist of a pledge to create at least 700 jobs in the country along with a direct investment of £600m in Huawei’s growing UK base, Sky News reports.

Both sides will benefit from the announcement. For Cameron and the ailing British economy it will be a much needed shot in the arm, given that the feel good factor generated by a hugely successful London Olympics won't pay down a lot of national debt.

For Huawei, the UK has been a welcome friendly face among western nations.

Australia and the US have raised concerns at the highest level about potential security risks if the company's kit becomes the core of infrastructure projects.

Their fears revolve around Huawei’s alleged close ties with the Chinese military, which the company strongly denies in a recent white paper written by former UK government CIO John Suffolk, who is now its global cyber security officer.

Suffolk is one of a large number of former government and industry big wigs drafted in by Huawei to soften its image and build stronger ties abroad.

Others include Andrew Cahn, former head of UK Trade and Investment, former Amazon UK boss Brian McBride and Baroness Wheatcroft, all of whom ended up on Huawei’s UK advisory board.

The firm counts all of the UK’s mobile operators along with BT, TalkTalk and Virgin among its customers, so it’s fair to say it is already doing pretty well in Blighty.

Perhaps that's why publicity-shy Huawei founder Ren Zhengfei will make a rare appearance abroad with a visit to the UK this week as part of the announcement, according to Sky News.

A Huawei spokesman in Shenzhen had no comment on the report. ®

Top three mobile application threats

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
prev story

Whitepapers

SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.