Bloomberg – Europe’s Phone Carriers Slump as Investors See No Relief
Plans like these have kept revenue per user flat at best. There’s little to indicate that the negative revenue trend will reverse, even with the next generation of mobile networks, Bengt Nordstrom, CEO of telecom consultancy Northstream AB, said at a seminar in Stockholm Thursday.
Nordstrom said there also appears to be a lack of understanding about the importance of technological leadership among European politicians, as China and the U.S. race ahead in deploying 5G.
“There is an obsession with the idea that the most important thing is that mobile broadband is inexpensive,” Nordstrom said. “I’m deeply concerned; we’re losing our mobile technology leadership in a big way.”