Market Chatter: European Commission Mulls Ban on Huawei, ZTE in EU Mobile Networks

MT Newswires Live

2025/11/11

The European Commission is eyeing a ban on Huawei and ZTE (HKG:0763, SHE:000063) devices from telecommunication networks in the EU, Bloomberg reported Tuesday, citing people familiar with the matter.

EC Commission Vice President Henna Virkkunen is looking to convert into law a recommendation in 2020 to stop using telecommunications equipment companies with high security risks, the report said, citing the sources.

The proposal, if legalized, could force EU members to comply with the security protocol or face legal procedures and financial penalties, according to the report.

Shares fell 2% during morning trading in Hong Kong and Shenzhen.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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