BT faces €590m bill over UK restriction on Huawei

Britain’s decision to cap Huawei’s role in 5G will cost BT £500m (€590m), the telecoms company said, as it will need to remove some of the Chinese group’s gear from its network and tap pricier rivals.

The bill adds to the pressure on chief executive Philip Jansen, who wants to build gigabit fixed and mobile networks for the future while trying to shore up revenue and earnings in the short term.