What’s up with… High-risk vendors, Telus, Telefónica
A new GSMA Intelligence report suggests that European telecommunications operators could face up to 40 billion euros in costs to replace equipment from high-risk vendors. The proposed EU Cybersecurity Act 2 aims to strengthen network security but faces pushback from telcos concerned about financial impact and market competition.
Why it matters
The high cost of replacing infrastructure highlights the tension between national security mandates and the economic viability of major telecommunications providers.
In today's industry news roundup: EU rules that would force operators to replace high-risk vendor equipment could cost telcos up to 40bn, according to GSMAi; new Telus CEO announces plans to consolidate its consumer and business services units into a single division ; Telef nica's tech division partners with an AI firm to launch AI-powered X-ray analysis; a nd much more!
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