A $2bn (€1.75bn) effort by China's Huawei to address security issues raised in a UK government report last year will take three to five years to produce results, according to a company letter to lawmakers seen by Reuters. A $2bn (€1.75bn) effort by China's Huawei to address security issues raised in a UK government report last year will take three to five years to produce results, according to a company letter to lawmakers seen by Reuters. Huawei has since committed to spending $2bn on technical and supply-chain issues, but in a letter to UK lawmakers last week, Ryan Ding, president of the company's carrier business group, said it would take time to see results. "It is a complicated and involved process, and will take at least three to five years to see tangible results. "We hope the UK government can understand this."

Source: Irish Independent February 07, 2019 02:26 UTC