Published by Global Banking & Finance Review®
Posted on November 10, 2025
1 min readLast updated: January 21, 2026
The EU is considering banning Huawei and ZTE from its telecom networks to boost security, as reported by Bloomberg News.
(Reuters) -The European Commission is considering ways to force European Union member states to phase out Huawei and ZTE Corp from their telecommunications networks, Bloomberg News reported on Monday, citing people familiar with the matter.
Reuters could not immediately verify the report.
(Reporting by Yazhini M V in Bengaluru; Editing by Alan Barona)
Telecommunications refers to the transmission of information over distances for communication. This includes various technologies such as telephones, internet, and broadcasting.
The European Commission is the executive branch of the European Union responsible for proposing legislation, implementing decisions, and managing the EU's day-to-day operations.
Cybersecurity involves protecting computer systems, networks, and data from theft, damage, or unauthorized access. It is crucial for safeguarding sensitive information in the digital age.
Technology in finance, often referred to as fintech, encompasses innovations that improve and automate the delivery of financial services, enhancing efficiency and customer experience.
Financial services are economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including banks, investment firms, and insurance companies.
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