European telecom companies want competition for American Big Tech

The consortium for European telecom companies, the European Telecommunications Network Operators’ Association, has in a open letter announced that Europe needs its ‘own’ technology giants, as we know them from the US and China.

The total European telecom sector already invests 52.5 billion euros per year. In addition to 5G, fiber optic and cable networks, this money will go to other initiatives, such as open-ran, edge cloud computing and other services that require a lot of data. They emphasize the pursuit of goals such as climate neutrality, and digitization can, according to a report from the same organization up to 15% per year of CO2 to spare.

An estimated $300 billion is needed to expand the gigabit project, which will require all participating areas to provide gigabit speeds. The sector complains about the high prices at frequency auctions, which network operators can claim a share with. This would result in less innovation, while the money is badly needed for other projects.

Telecom companies work closely with technology giants such as Amazon, Google and Microsoft. Specific names are not mentioned, but the trade association mentions that such companies often demand a lot from the companies and that they should contribute ‘in a fair way’ to the investments in the network. Partly because of this, European companies are needed that are active in ‘global data spaces’, and can therefore actually compete with the large American (and now also Chinese) tech companies.

Source: European Telecommunications Network Operators’ Association

Source: Hardware Info Compleet by

*The article has been translated based on the content of Hardware Info Compleet by If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!