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Industry warns Huawei ban could cost EU up to €40 billion

1 sourceFirst reported 3 hours agoUpdated 3 hours ago

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Industry representatives estimate that banning Huawei equipment could cost the EU up to €40 billion.
The estimated cost is for replacing existing telecom equipment from the Chinese manufacturer.
Telecom operators are seeking compensation for the potential ban.
The exact price tag for replacing the equipment is a subject of debate.

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AI summary: catch up in 20 seconds

Industry representatives estimate that banning Huawei equipment could cost the EU up to €40 billion.
The estimated cost is for replacing existing telecom equipment from the Chinese manufacturer.
Telecom operators are seeking compensation for the potential ban.
The exact price tag for replacing the equipment is a subject of debate.

Generated by AI from the 1 sources below · always verify with the originals