FCC Taps Ernst & Young to Handle Huawei Gear Removal Compensation

The Federal Communications Commission has selected Ernst & Young LLP to oversee a $1.9 billion program that will reimburse carriers to replace network gear made by Huawei Technologies Co. and other foreign suppliers said to pose a national security threat.

The consulting firm will be tasked with managing the $1.9 billion fund, which was appropriated by Congress in the December stimulus package and will be used to compensate carriers for the cost of ripping out and replacing vulnerable network equipment, the agency said in a notice.

“Selection of the Fund Administrator is a significant step in implementing the Reimbursement ...