French-owned telecom group Iliad has begun the next phase of its expansion in Italy, moving into the country’s fixed broadband sector with a potentially game-changing service launch.
In December, Greece's OTE Group announced a major broadband investment plan. The group revealed that its domestic telco unit Cosmote would be pumping €3 billion ($3.4 billion) into the expansion of its infrastructure between 2022 and 2027.
The investment was backed by OTE Group’s controlling shareholder Deutsche Telekom.
According to a study commissioned by Swedish equipment vendor Ericsson, 5G connectivity could be fundamental to Europe achieving future climate targets.
The study finds that until 2030, at least 40% of the EU’s carbon reduction solutions will rely on fixed line and mobile connectivity. 5G will play a major part in this trend.
Scandinavian telco groups Telenor, Telia, and Tele2 have followed a similar international strategy over the past decade: exit most or all of their Eastern European and Asian operations to concentrate on business closer to home.
The disposals have been attributed to a number of factors depending on the market, including financial pressures, political unrest, and allegations of corruption.
