Europe's China telecoms gear ban would cost industry $3.5 billion - report
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TALLINN (Reuters) - Replacing Chinese telecoms equipment would cost European telecom operators about $3.5 billion (2.81 billion pounds), 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.The world's largest telecom equipment maker Huawei has been put on a U.S. blacklist after Washington said its equipment could be used for..