Europe has lost as much as €100m in telco EBIT each day to digital disruptors and telcos in other regions for the past 10 years, which has impoverished the bloc’s digital economy. However, if industry and regulators embrace transformation, Europe can gain up to €4bn/day by being at the centre of the digital ecosystem, according to Accenture Strategy research conducted for ETNO.
The report “Lead or Lose – A vision for Europe’s digital future” draws on Accenture’s Strategy research as well as interviews with 13 telecom CEOs, one head of state and around 20 highly acclaimed though-leaders in the field of telecoms, tech and policymaking. The report calls for a digital overhaul of Europe’s industrial fabric and institutions supported by urgent policy action.
ETNO has been the voice of Europe’s telecommunications network operators since 1992 and has become the principal policy group for European electronic communications network operators. Its 41 members and observers from Europe and beyond are the backbone of Europe’s digital progress. They are the main drivers of broadband and are committed to its continual growth in Europe. ETNO brings together the main investors in innovative and high-quality e-communications platforms and services, representing 60% of total sector investment.