ETNO says Europe’s telco investment climate needs ‘dramatic’ improvement

European telcos are spending heavily on fibre and 5G but the financial health of the sector is suffering, according to a report by European telco lobby group ETNO
Conducted by Analysys Mason, the state of the market found that the European telco sector spent a record €52.5 billion on capital expenditure in 2020, up from €51.7 billion in 2019. The proportion of revenues devoted to CapEx reached 19 percent, the highest in recent history and greater than the US, South Korea or Japan.
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