EU telcos ask: Huawei going to afford to replace Chinese equipment?

Replacing telecoms kit supplied by so-called high-risk vendors could cost European telcos up to €40 billion ($45.5 billion), with additional impacts on network performance and future investment plans. This is the warning in a report from GSMA Intelligence, the research arm of the mobile comms industry's global trade body, the GSMA. It refers to plans by the European Commission to address potential threats to EU security posed by IT and telecoms kit from third-country sources.