Banning Chinese vendors would increase cost of European 5G by $83-billion, telecom lobby says [Toronto Globe and Mail (Ontario, Canada)]
Ericsson - American Depositary Shares each representing 1 underlying Class B share (ERIC)
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Source: Toronto Globe and Mail
Banning Chinese vendors would increase cost of European 5G by $83-billion, telecom lobby says A ban on buying telecom equipment from Chinese firms would add about ////EURO SYMBOL//// 55-billion ($83-billion) to the cost of 5G networks in Europe and delay the technology by about 18 months, according to an industry analysis seen by Reuters. The United States added Huawei Technologies, the world’s biggest telecom equipment maker, to a trade blacklist in May, prompting global tech giants to cut ties with the Chinese company and putting pressure on European countries to follow suit. Washington alleges Huawei’s equipment can be used by Beijing for spying, something the company has repeatedly denied. Story continues below advertisement The move by U.S. President Donald Trump’s administration comes as telecom operators worldwide are gearing up for the arrival of the next generation of mobile technology, or 5G, which promises ultrafast mobile internet for those able to make the heavy investmen
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ERIC
Earnings
- 4/16/24 - Beat
ERIC
Sec Filings
- 4/17/24 - Form 6-K
- 4/4/24 - Form 6-K
- 3/20/24 - Form 6-K
- ERIC's page on the SEC website