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several telecoms firmsCNBC
•Technology
Technology
71% Informative
Last week , CEOs of European telecoms firms called on regulators to make it easier for them to combine their operations with other businesses.
Currently, there are numerous telco players operating in different European countries.
However, telco bosses say they'd be able to compete more effectively with only three main players per market.
From AI to advances to next-generation 5 G networks, Europe 's telco firms are investing heavily into new technologies.
Last year former European Central Bank President Mario Draghi released a long-awaited report that urged radical reforms to the EU through a new industrial strategy to ensure its competitiveness.
Ookla's Kehoe: "Moving forward, I think that there will be more consolidation" However, the telco industry has some way to go toward seeing transformational cross-border mergers and acquisitions.
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