(Reporting by Elvira Pollina; editing by Jason Neely)
Feb 28 (Reuters) - Telecom firms in Europe are facing
unsustainable market trends linked to shrinking retail prices,
booming data consumption and "unprecedented" investment needed
to upgrade networks, the head of Telecom Italia (TIM) said on Tuesday.
"We are facing a perfect storm", Pietro Labriola said at the
Mobile World Congress (MWC) in Barcelona, citing also slowing
economic growth and rising interest rates.
The executive called on institutions and regulators for
urgent intervention to make Big Tech firms help fund broadband
and 5G roll-out and to favour market consolidation.
In response to growing challenges, in Labriola's view,
telecom firms need to separate infrastructure operations from
services, each focusing on their specific market.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.