Europe’s telecoms groups warn over regulation

The European telecoms sector has lost €100 million a day to disruptive technology companies over the past decade, says a report commissioned by Etno, the trade body that represents the region’s largest operators.

Europe’s telecoms groups have long complained about the burden of regulation on the sector, while more lightly regulated US and Asian tech companies have launched rival services offering communications and internet access — often using the infrastructure created by the national telecoms groups. The report, compiled by Accenture, warns regulatory change is required to create a competitive digital economy in Europe.