Economy

Banning Huawei would cost EU telcos up to 55 billion euros

Banning Huawei would cost EU telcos up to 55 billion euros”

According to the report, a ban would also delay the deployment by 18 months of 5G technology, which will be used in areas ranging from self-driving cars to health and logistics.

The evaluation feeds into a debate triggered by the United States demands that companies in Europe and other allied nations shun Huawei as a 5G equipment supplier because of Washington's fears it could compromise intelligence services.

"Half of this (additional cost) would be due to European operators being impacted by higher input costs following significant loss of competition in the mobile equipment market", the report said.

European rivals Ericsson of Sweden and Nokia of Finland, as well as South Korea's Samsung, do not have the capacity to handle all of the shift from 3G and 4G networks to 5G in Europe while honouring contracts already signed in North America and Asia, it said. "We need to have strong companies that are able to invest in research and development", Agnes Pannier-Runacher, a junior economy minister in France's government, told reporters at a 5G event near Paris on Friday.

Huawei Global Cyber Security and Privacy Officer, John Suffolk, will appear in front of Britain's Science and Tech Committee on Monday to answer questions on the "possible security risks involved with 5G communications", parliament said. A 90-day reprieve was later granted to allow for the ban to be phased in. The faster-than-expected approvals also come as Shenzhen-based Huawei Technologies Co, the world's largest manufacturer of networking equipment, has vowed to maintain its lead in the face of a U.S. campaign pressuring allies not to use the company's products.

The GSMA report was written before President Trump opened a new front against the Shenzhen-based vendor last month by restricting its access to Google's Android operating system for its 5G smartphones, potentially disrupting their ability to function or access popular apps.

Commenting on the ministry's announcement, Huawei said it will "fully support" the Chinese operators to build 5G. The Chinese company denies the U.S. claims of it being a security threat.



Like this

loading...
loading...

Latest


10 Июня 2019
Texans shockingly fire general manager Brian Gaine
With that said, there is a name to consider in the club's search for a new general manager after the firing of Brian Gaine. On a sleepy offseason afternoon, news of Gaine's departure was shocking as it comes less than two years into his tenure.

10 Июня 2019
Jets name Joe Douglas as GM
He left the Bears to join the Eagles in May of 2016 and helped construct the team that won Philadelphia's first Super Bowl. The Douglas speculation began swirling before the draft, when rumors about Maccagnan's job security started leaking.

10 Июня 2019
Man Utd plan to propose loan deal to Real Madrid for Bale
However, aside from Los Blancos , former employers Juventus are also monitoring Pogba's situation in Manchester. Dybala has been linked with United in the past and there could be potential for a player-plus-cash deal.

10 Июня 2019
1 dead after helicopter crash lands on Manhattan building
The fire department believes the fire is under control. "There may have been casualties involved", he added. A law enforcement official told Fox News that evacuations are now underway in the building.

10 Июня 2019
Trump brands Pelosi a 'nasty, terrible person'
I've tried to be nice to her because I would have liked to have gotten some deals done", he said, continuing, "She's incapable of doing deals .

10 Июня 2019
Biden still leads in 2020 Iowa poll, three others fight for second
Biden has been the consistent leader in most national and state polls since he first entered the race in late April. The number is substantially higher, 39%, among all those who list another candidate as their first choice.

10 Июня 2019
Dotcom extradition finding 'antithesis' of justice, lawyer tells Supreme Court
In an unusual move, the Supreme Court has released a summary of the case's path through the courts before today's hearing. There, it was found the extradition offence did not have to be a crime in New Zealand as well as the United States.

10 Июня 2019
Three will switch on its '2x faster' 5G network in August
EE now only offers 5G in six cities, and promised a total of 16 locations will have 5G before the end of the year. For those of you keeping count, it means Three may well have the widest 5G coverage by the time the year is up.

10 Июня 2019
Raytheon and United Technologies in merger talks: WSJ report
It could also push other defense contractors, such as Lockheed Martin Corp, to explore expanding their commercial businesses. The new company's name will be Raytheon Technologies Corp. - and it's expected to have almost $74 billion in annual sales.

10 Июня 2019
Popular Tamil theater artist Crazy Mohan passes away due to cardiac arrest
Actor-theatre personality Crazy Mohan passed away in Chennai after suffering a heart attack on Monday afternoon. In 1979, Mr Rangachari started his own production company with his brother, which they called Crazy Creations .