Broadband connectivity is central to a modern digital economy. But are the providers of this connectivity making a reasonable return on their investments?
Designed to be a high-level guide to the financial state of Europe’s top telcos, this report will help long-term investors and policymakers track the progress of Deutsche Telekom, Vodafone, Telefónica, Orange and Telecom Italia - over the past nine years on a range of financial metrics.
Faced with a big bill to roll out 5G, Europe’s leading telcos need to convince investors that the financial returns in the next decade will be better than in the past nine years. After signs of a recovery in 2016 and 2017, fuelled by a stronger macro-economy and lighter touch regulation, 2018 again proved challenging for Europe’s telecoms industry. With regulators wary of further consolidation, competition is intensifying as the lines between telecoms, media and tech continue to blur.