Europe’s China telecoms gear ban would cost industry $3.5-billion: report

Huawei's new smartphone Mate 30 Pro is displayed after a presentation to reveal Huawei's Mate 30 line of products in Munich, southern Germany, on Sept. 19, 2019.Replacing Chinese telecoms equipment would cost European telecom operators about $3.5 billion, a report by industry research firm Strand Consult predicted on Friday, far lower than the figure a lobby group came up with.

The world’s largest telecom equipment maker Huawei has been put on a U.S. blacklist after Washington said its equipment could be used for spying, which the company denies.U.S. firms are barred from using some of the firm’s equipment and Washington is urging European countries to follow suit. “Mobile operators must upgrade their equipment for technological reasons, regardless of whether Huawei and ZTE is in the market or not,” Strand said in the report.

globebusiness that is possible that every dollar Europe spent in huawei will add the rope in your neck in the future.

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