Huawei ban to cost the EU up to €40 billion, says industry

The EU's plan to remove Huawei and ZTE from telecom networks could cost up to €40 billion, according to GSMA, far exceeding the European Commission's estimate. Additional costs from reduced competition are projected to reach €8.5 billion between 2027 and 2030, while experts dispute the figures, arguing they may not account for routine replacement costs.