Tarmo Virki at Reuters »

Replacing Chinese telecoms equipment would cost European telecom operators about $3.5 billion, a report by industry research firm Strand Consult predicted on Friday, far lower than the figure a lobby group came up with.

Industry lobby group GSMA, backed by blacklisted Chinese firm Huawei, predicted a cost of $62 billion.

» Not banning Chinese controlled telecoms gear could eventually cost much more, both in dollars and cents, and to society as a whole.