Finance
Telefonica renewed one Huawei 5G contract in Spain until 2030, report says
Published by Global Banking and Finance Review
Posted on August 21, 2025
1 min readLast updated: January 22, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on August 21, 2025
1 min readLast updated: January 22, 2026
Telefonica renews its Huawei 5G contract in Spain until 2030, while reducing Huawei exposure to comply with EU guidelines.
MADRID (Reuters) -Telefonica renewed a contract with Chinese manufacturer Huawei to supply equipment for its 5G mobile core network for retail customers in Spain until 2030, El Pais newspaper reported on Thursday, citing unnamed industry sources.
Telefonica renewed that contract in late 2024 and, in early 2025, it awarded to rival manufacturer Nokia a contract for 5G core for its service to companies and government institutions, El Pais said.
Telefonica's Chief Operating Officer Emilio Gayo told Reuters last month that the company was "reducing its exposure to Huawei" in Spain to comply with EU recommendations to telecom operators to phase out Huawei-made devices over concerns they pose a potential security risk.
A spokesperson for Telefonica said the company would not comment on individual contracts and Gayo did not immediately respond to a request for comment.
Huawei declined to comment.
Some European countries, including Germany, have passed outright bans on the use of Huawei gear, while Spain has not.
(Reporting by Inti Landauro and Paul Sandle; Editing by Emelia Sithole-Matarise)
5G is the fifth generation of mobile network technology, offering faster speeds, lower latency, and the ability to connect more devices simultaneously compared to previous generations.
Regulatory compliance refers to the adherence to laws, regulations, guidelines, and specifications relevant to an organization’s business processes.
Market reaction refers to the response of investors and traders to news or events that affect the financial markets, often reflected in stock price movements.
A core network is the central part of a telecommunications network that provides various services to customers and connects to other networks.
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