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Firms using high-risk vendors could be fined

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Regulation

A new law prevents telecommunications firms in the U.K. from using equipment by high-risk vendors such as Huawei Technologies Co. Ltd. under the threat of heavy penalties, Economic Times reported citing Reuters. Companies breaching the new Telecommunications (Security) Bill could be fined up to 10% of turnover or £100,000 ($133,140) a day.

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