Huawei says $2bn reboot will ease security fears
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, the world's biggest producer of telecoms equipment, faces intense scrutiny in the West over its relationship with the Chinese government and US-led allegations that its equipment could be used by Beijing for spying.
No evidence has been produced publicly and the firm has repeatedly denied the claims, but the allegations have led several Western countries to restrict Huawei's access to their markets.
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."