The Huawei’s 5G block could have several economic consequences on Italy.
To say an interesting study by Economic Oxford, reported on the pages of the AGI, which has attempted to clarify the topic, which has been debated significantly in recent times.
5G in Italy: how much it would cost us to block Huawei
The study on the consequences of the failure to implement Huawei’s 5G in Italy was conducted as anticipated by Oxford Economica, commissioned by the same Chinese telecommunications company.
The results spoke of a possible increase in network costs which in Italy would rise by 19%. Basically a increase of 282 million per year in the next decade.
Without Huawei’s 5G, in fact, it would create a lack of competition that would end up penalizing the entire market. The costs would rise and fall obviously downloaded to end consumers (users).
Focusing on this project, the study continued, would become less profitable which in turn would reduce the push towards innovation. By doing so, in the 2023 there may be 6.2 million less Italians with access to 5G while in the 2035 GDP could lose 4.7 billion (compared to the current projection).
This, note, was the intermediate scenario developed by the study. in worst case scenarioinstead, costs would rise not by 19% but by 29%, for a total of 428 million per year. In 2023 there could be 9.7 million more Italians without access to 5G for an impact on GDP of 10 billion in 2035.
in best scenarioOn the other hand, costs would rise by 9% (137 million a year), Italians without a net would be +3.7 million in 2023 and GDP would lose 1.5 billion in 2035.
To the whole of Europeinstead, the blockade of Huawei’s 5G would cost 3 billion a year (intermediate scenario), 56 million fewer users in 2023 and 40 billion GDP in 2035.
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