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TechRadar
Efosa Udinmwen

EU's Huawei purge could cost taxpayers a staggering €40 billion, four times more than Brussels ever admitted

EU.
  • 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

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