[cable europe] The European Commission announced today its regulatory strategy to promote high speed Internet and is speeding up an investment race in which cable is competing with other network providers. Europe sees a growing need for ultra-high speed internet connections.
"We’re big investors in our own fibre-powered networks. And what the Commission is doing today with its work on next generation infrastructure is to accelerate a race to invest further in infrastructure. As we see it, this is a race we’re already in and cable is well placed to compete,” says Manuel Kohnstamm, President of Cable Europe.
The cable industry invests a great deal in the European economy and its capital expenditure averages 22% -- investment that goes back into its fibre-powered networks. Cable invests to the tune of €4 billion each year allowing services providers and applications to thrive on the internet and giving Europe the infrastructure to compete in today’s global new economy.
Beyond new services such as high quality video that investment brings, these networks are also vital for social applications such as online home care, health advice, education, teleworking and home security.
Cable Europe will remain an engaged stakeholder and actively participate in this consultation to reiterate the need for an investment friendly Europe that will continue to attract investors and drive infrastructure-based competition.
Industry reiterates the need for optimal environment for healthy infrastructure based competition in European Union
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