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Investing.com -- Spanish telecommunications company Telefonica (NYSE:TEF) has renewed its contract with Chinese manufacturer Huawei to supply equipment for its 5G mobile core network serving retail customers in Spain until 2030, according to a report published Thursday in El Pais newspaper.
The contract renewal with Huawei occurred in late 2024, the Spanish newspaper reported, citing unnamed industry sources.
In a separate move, Telefonica awarded a contract to Nokia (HE:NOKIA) in early 2025 for 5G core network equipment that will serve corporate and government institution customers, the report added.
The dual-vendor approach appears to split Telefonica’s 5G infrastructure responsibilities between the two manufacturers, with Huawei handling the consumer market segment while Nokia manages the enterprise and public sector segments.
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