EU's Huawei purge could cost taxpayers a staggering €40 billion, four times more than Brussels ever admitted
- Huawei removal could cost Europe up to €40 billion, GSMA estimates
- GSMA expects reduced competition to increase telecom equipment prices significantly
- Experts disagree over the true financial impact of Huawei's removal
The European Union's plan to remove supposedly high-risk telecom vendors such as Huawei and ZTE could cost far more than Brussels currently estimates, new figures have claimed
The GSMA trade body has said that direct replacement costs would reach €30 to €40 billion - roughly four times higher than the European Commission's own estimate of €10 to €13 billion in total.
Under the Commission's own projections, the transition away from Chinese equipment would cost between €3.4 billion and €4.3 billion annually across a three-year rollout - that annual estimate equates to a total cost of roughly €10 to €13 billion once the full three-year period concludes.
The push to remove Huawei and ZTE from European networks traces back to...
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