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Dallas, TX -- (SBWIRE) -- 12/19/2013 -- The European telecoms sector once enjoyed unparalleled success. In more recent times, it has fallen behind other regions in innovation, speeds, and other areas of the telecommunications industry. The European Commission is planning to push through a series of reforms aimed at further liberalizing the market in an attempt to address its systemic inefficiencies and make it much more competitive.
Features and benefits
Analysis of the current situation of the European telecommunications market, and how this came to be.
Assessing the EU's regulatory response, "Connected Continent" and how effective it will be.
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Europe was once a paragon for telecoms innovation. In more recent times, European companies have fallen behind; they have been much more reluctant in the 4G transition. Investment is also significantly lower than other regions, hampering long term potential. The Telecoms failure also inhibits the wider economy’s growth.
European Commission President Jose Manuel Barroso announced the “Connected Continent” legislation in September 2013. The hope is to wither national boundaries in the telecoms industry and forge a single telecommunications market across the continent. Crucially, it is hoped to induce the further investment to help Europe compete internationally.
Regulators believe the proposals could be counterproductive in its aims, and the body which represents European regulators, Berec, is concerned the proposals may betray the aims of a competitive framework. There are concerns about the feasibility of cross-border economies of scale, one of the lynchpins in hoping to drive investment.
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Your key questions answered
What is the current state of the European telecoms market?
What is the EU doing to address these concerns?
What is Connected Continent and what could happen as a consequence?
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