Ban on Chinese telecoms vendors would add $62 billion to 5G bill in Europe: industry analysis
Written by OANN on June 7, 2019
FILE PHOTO: A Huawei company logo is seen at a shopping mall in Shanghai, China June 3, 2019. REUTERS/Aly Song
June 7, 2019
PARIS (Reuters) – A sale ban on China’s telecoms equipment makers would add about 55 billion euros ($62 billion) to the cost of 5G networks in Europe, according to an industry analysis seen by Reuters.
The figure is part of a report by telecoms lobbying group GSMA and reflects the total additional costs implied by a full sale ban on Huawei Technologies and Chinese peer ZTE for the rolling out of the 5G networks in Europe.
“Half of this would be due to European operators being impacted by higher input costs following significant loss of competition in the mobile equipment market,” the report reads.
“Additionally, operators would need to replace existing infrastructure before implementing 5G upgrades.”
(Reporting by Gwenaelle Barzic in Paris; Additional reporting by Douglas Busvine in Frankfurt; Writing by Mathieu Rosemain, Editing by Inti Landauro)