EU policymakers must do more to boost telco investments, says study

EU policymakers need to do more to attract investments in the telecoms sector if the bloc wants its economy to become more independent from global powers like Asia and the United States, a report by telecoms lobbying group ETNO said on Wednesday.

The 27-country European Union is banking on 5G to lift it out of a COVID-19 pandemic-induced recession and take the lead in internet-connected devices.

Despite investing 52.2 billion euros ($58.8 billion) in fibre cable networks and fast-speed 5G in 2020, a four-year high, the European telecoms sector still lags behind global peers, the study conducted by research firm