Study: EU Telecoms Can Fund 2030 Connectivity Targets With Current Investment
A new study reveals that meeting Europe's 2030 Connectivity Targets requires €174-200 billion in funding. However, the telecom sector's current annual capital expenditure of €50-60 billion could already cover this, if invested wisely.
The study, conducted by an unnamed source, calculates that achieving full 5G and fibre-optic internet rollout across Europe by 2030 demands substantial investment. However, it does not identify an 'investment gap', merely the total funding needed.
Italy's State Secretary for the Digital Transition, Alessio Butti, has criticised operators for not investing promptly enough. Yet, the study suggests that big telcos could meet the targets by investing just €19.5 billion per year, half of their current claims.
The EU telecom sector can comfortably fund the 2030 Connectivity Targets with its current investment levels. Telcos' calls for 'fair share' payments from tech companies may be unnecessary, as they can meet obligations independently.
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