FILE PHOTO: Telecom Italia (TIM) General Manager Pietro Labriola poses for a portrait at the company's headquarters in Rome, Italy, January 17, 2022. REUTERS/Guglielmo Mangiapane
(Reuters) - Telecom firms in Europe are facing unsustainable market trends linked to shrinking retail prices, booming data consumption and "unprecedented" investment needed to upgrade networks, the head of Telecom Italia (TIM) said on Tuesday.
"We are facing a perfect storm", Pietro Labriola said at the Mobile World Congress (MWC) in Barcelona, citing also slowing economic growth and rising interest rates.
Already a subscriber? Log in
Save 30% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
