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Europe playing catch up to China and USA in 5G rollouts
- Wednesday | 30th December, 2020
STOCKHOLM/MADRID (Reuters) – 2021 could be a do-or-die year for Europe’s efforts to catch up with China and the United States in rolling out super-fast fifth-generation (5G) telecoms networks. “Europe is, unfortunately, behind,” Pekka Lundmark, chief executive of Finnish network equipment maker Nokia, told Reuters. Yet it is the mobile operators who must pay companies like Ericsson, Nokia and Huawei billions of dollars for the 5G equipment. Global 5G mobile subscriptions are expected to reach 220 million by the end of this year, with China accounting for almost 80% of the total, Ericsson said in a report last month. The delay in auctioning of 5G spectrum – airwaves necessary for operators to start offering commercial 5G – has been one of the main obstacles to a rollout.
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