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17 European telecom CEOs oppose Huawei, ZTE phaseout costing up to €40 billion

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  • 17 European telecom operators opposed the European Commission's planned Huawei and ZTE equipment phaseout.
  • €40 billion is the maximum replacement cost cited by Connect Europe.
  • The revised Cybersecurity Act would require high-risk vendor equipment removal within 36 months.
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