EU telcos contribute €1tn to the economy

European According to Telceoms.com, the economic contribution of mobile operators will reach €1tn in 2030.

This growth will be driven by the continuous expansion of the ecosystem and the more vertical uptake of advanced mobile services.

A new GSMA report says Europe’s mobile operators are doing brilliantly, but it still wants regulators to give them free rein to destroy everything.

Its annual European Mobile Economy report highlights the sector’s €910bn contribution to Europe’s economy by 2022 and the 2.2 million people it employs – directly and indirectly.

Mobile-based productivity generated €670bn of value to the economy, while operators’ own contribution generated €110bn. Operators also paid 110 billion euros in taxes last year.

In terms of coverage and usage, 460 million Europeans are now covered by mobile networks, reducing the coverage gap to just 14 percent. Europe has 900 million active telephone lines, and the penetration of smartphones and feature phones is expected to reach 91 percent by the end of the decade.

As for 5G, the networks will reach 87 percent of all mobile users by 2030, and the technology is expected to generate 153bn economic benefits.

However, the GSMA wants policymakers to ignore these achievements and embark on a regulatory experiment that may have some unintended and unintended consequences for end users.

„Europe has a strong history of leadership in mobile and digital technologies, but to regain that leadership in the face of global competition now requires strong, sustained investment in networks,” said VP for Policy and Regulation and Head of Europe. GSMA, Daniel Pataki.

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To underline its point, the GSMA noted that only five percent of commercial 5G networks in Europe have been upgraded to standalone (SA), compared to 25 percent in Asia-Pacific.

GSMA says Europe needs to reset its policy framework governing digital communications, reforming outdated — and still, largely national — regulatory approaches.

Recent developments include whether so-called large traffic generators should contribute to the cost of infrastructure investment – ​​a fair share of debate – and European Commissioner Thierry Breton’s call to facilitate consolidation creating pan-European super telcos. I welcome the developments, he said.

The GSMA expects mobile network traffic to triple over the next five years, so „our report shows that action is needed now to provide European citizens and businesses with the digital infrastructure they need for the future”.

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