By Caoimhe Toman
Date: Monday 14 Jun 2021
LONDON (ShareCast) - (Sharecast News) - Samsung has entered the European telecoms market after striking a deal with Vodafone to supply 5G network equipment in Britain.
The deal, which comes months after striking a similar agreement with Verizon in the US, was made public on Monday.
European mobile operators are increasingly considering Samsung to replace China's Huawei as a supplier following allegations of the Chinese firm spying for Beijing.
Britain had already ordered all Huawei equipment to be removed from its 5G network by the end of 2027.
According to Reuters, executives from Spain's Telefonica and France's Orange had held talks with the South Korean firm.
Nevertheless, Samsung will still have to compete against the current leaders in the European telecoms equipment market, Nokia, Ericsson and Huawei.
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Currency | Euro |
Share Price | 9.86 |
Change Today | -0.06 |
% Change | -0.56 % |
52 Week High | 11.38 |
52 Week Low | 9.29 |
Volume | 3,845,584 |
Shares Issued | 1,360.00m |
Market Cap | 13,412m |
Beta | 0.14 |
Strong Buy | 9 |
Buy | 9 |
Neutral | 2 |
Sell | 1 |
Strong Sell | 0 |
Total | 21 |
Time | Volume / Share Price |
17:35 | 8,677 @ 9.86 |
17:35 | 49 @ 9.86 |
17:35 | 8,647 @ 9.86 |
17:35 | 3,534 @ 9.86 |
17:35 | 756 @ 9.86 |
Chair | Stéphane Richard |
CEO | Christel Heydemann |
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