Banning Huawei from Europe would cause billions in economic losses – New York Globe

Banning Huawei from Europe would cause billions in economic losses

The British research agency Oxford Economics has compiled an extensive study into the costs of excluding Huawei from parts of European networks. Depending on the scenario, these costs could amount to €3 billion annually. This would represent an annual cost increase of 19%, which translates to €3 million a year in Iceland and €479m a year in Germany.

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