MEF Mobile News Weekly Wrap

Ericsson and Nokia Call for Urgent Reforms to Secure Europe's Tech Future

Ericsson and Nokia CEOs urged European policymakers to take action at the New Industrial Ambition for Europe summit in Brussels, calling for regulatory reforms and increased investment in advanced technologies like AI, cloud, and 5G.

They highlighted 2024 reports by Enrico Letta and Mario Draghi, which emphasized telecom consolidation and stronger R&D.

The companies stressed that Europe’s competitiveness is at risk, with Nokia CEO Pekka Lundmark warning it’s "one foot in the morgue."

Both CEOs called for urgent reforms to attract investment and ensure Europe’s technological future.

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5G to Reach 80% Adoption in Europe by 2030, But Urgent Reforms Needed, Says GSMA Report

GSMA's research into 5G in Europe reveals the technology is set to reach 80% adoption by 2030, contributing €164 billion to the economy.

However, Europe lags behind regions like North America, East Asia, and the Gulf Cooperation Council, where 5G adoption is advancing more quickly.

While 5G currently accounts for 30% of Europe’s connections, the region needs urgent policy reforms to boost investment and maintain competitiveness.

By 2026, 5G is expected to dominate Europe, but challenges such as regulatory issues and the need for digital infrastructure investment remain.

The GSMA calls for swift reforms to secure Europe’s position in the global tech market.

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Global Telecom Market to Grow 59% by 2032, Driven by 5G and High-Speed Internet, Says Report

According to the "Telecom Mobile and Broadband Market" report by WiseGuy Research, the market is projected to grow from USD 1,839.06 billion in 2024 to USD 2,927.25 billion by 2032, with a compound annual growth rate of 5.98%.

The growth is driven by advancements in mobile technology, increased demand for high-speed internet, and the expansion of fifth-generation networks.

The market includes mobile services, broadband services, and various technologies such as third, fourth, and fifth-generation networks.

Key players include NTT Docomo, AT&T, Bharti Airtel, and Verizon.

The report also discusses challenges like network congestion and regulatory issues, with significant growth observed in North America, Europe, and Asia-Pacific.

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UK Mandates Clear Mid-Contract Price Hikes for Telecom Providers

New UK rules now require telecom providers to clearly disclose mid-contract price hikes in exact monetary terms, replacing vague inflation-based increases, the Guardian reported.

From today, contracts must specify fixed price rises, providing transparency and helping consumers avoid unexpected costs.

The move follows concerns over "greedflation," with past increases reaching 17.3%. Regulator Ofcom says the changes will simplify pricing and improve customer choice.