What’s Wrong With European Telecoms?
Europe is the pre-eminent place in the world for telecommunications R&D and development.
European telecommunications technologists are the best in the world.
So why is the European telecommunications industry shrinking and being taken over by foreign companies?
Nokia has laid off 14,000 people since 2010.
Infineon’s wireless division was sold off abroad.
ST-Ericsson has laid off over 2,500 people since being formed in 2008.
Alcatel-Lucent will lay off another 1,800 said the unions last week. The company has been sinking like a stone.
& so on.
Governments have been quite supportive. European telecoms R&D and engineering is without peer.
So what’s wrong?
It can’t be the entrepreneurially-minded, go-getting, risk-taking, inspirational, visionary top management of European telecoms companies.