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At that gathering, also attended by Germany’s three network operators, market leader Deutsche Telekom proposed a series of technical and compliance measures to safeguard security. These included setting up an independent laboratory, under BSI oversight, to scrutinize all equipment used in critical infrastructure before it is deployed in the field. “I believe the right path would be to make sure we manage our risks when it comes to tenders,” Kempf said steampunk watch movement cufflinks. “We must convey our reservations to the Chinese side and make it clear what we will not tolerate in our legal system.”..

An economy ministry spokesman said that any requirements to tighten security should apply to all 5G providers. Sources say the various stakeholders have yet to reach a consensus on what course of action to take but are keen to provide clarity to operators before an auction in the second half of March of frequencies for 5G steampunk watch movement cufflinks. Huawei has already set up information security labs in Germany and Britain aimed at building confidence that its equipment does not contain “back doors” exposing networks to cyber spies and on Wednesday offered to build a similar center in Poland..

TOKYO (Reuters) – Japan’s SoftBank Group Corp announced a $5.5 billion share buyback on Wednesday as it reported a 60 percent increase in quarterly operating profit buoyed by rising valuations for its technology investments. Funded by proceeds from the bumper IPO of its domestic telco, founder and Chief Executive Masayoshi Son said the buyback – its largest ever – was driven by what he sees as a chronic undervaluation of SoftBank’s shares. The tech and telecoms conglomerate said from Thursday it would repurchase 112 million shares worth 600 billion yen in the next 11 months, or about 10.3 percent of its total outstanding shares, excluding treasury stock steampunk watch movement cufflinks.

The company raised 2.35 trillion yen in December by listing about a third of the shares in SoftBank Corp, which on Tuesday reported a 24 percent jump in quarterly operating profit steampunk watch movement cufflinks. Son said about one third of the IPO proceeds will be used for the buyback, one third to repay debt and the remainder on its investing activities. SoftBank Group shares closed up 0.6 percent at 1,322 yen before the announcement. “I think they’re too cheap,” Son told an earnings briefing. SoftBank Group’s operating profit in the October-December quarter rose to 438.3 billion yen ($3.99 billion) from 274 billion yen a year earlier, which was reported under previous accounting standards..

The company’s profits are increasingly affected by the valuations of its technology investments through its own activities and its Saudi-backed Vision Fund, which launched last year with over $90 billion in capital steampunk watch movement cufflinks. Income from the Vision Fund and the smaller Delta Fund more than tripled from a year ago. But the funds’ profit more than halved from the previous quarter, underscoring the volatility of Son’s investment strategy. At the end of the October-December period, which saw weakness in technology stocks and fears of a China slowdown, the Vision Fund had invested $45.5 billion in 49 firms, up from $28 billion in 38 firms as of end-September..