Annual Economic Report - 2012

I am pleased to introduce to you the third edition of the ETNO annual economic report which coincides with the 20th anniversary of ETNO.

As demonstrated in the report, the telecoms markets have gone through a major revolution over the past 20 years. Value of the sector has shifted from fixed to mobile for voice and Internet. With a total turnover for 2011 of 208.2 billion , ETNO members experienced a revenue decline for the third year in a row. At the same time their investments continued to increase.

In the long run, however, new business models and revenue sources will be needed in order to sustain the pace of investment required in Europe to fully realize the potential of this sector and for ETNO members to play their role in achieving the Digital Agenda goals.