Europe's China telecoms gear ban will cost $3.5 billion - report

TALLINN (Reuters) - Replacing Chinese telecoms equipment will cost about $3.5 billion or $7.17 per subscriber for European telecom operators, a report by industry research firm Strand Consult showed on Friday. The forecast is a fraction of the $62 billion cost estimate in an unpublished study of industry lobby group GSMA reported by Reuters in June.Copenhagen-based Strand Consult said examples from the United States and Australia show that restricting Huawei and ZTE from networks have not..