BRUSSELS – The continuous revenue decline in 2010 and 2011 for Europe’s telecoms sector despite overall timid economic growth confirms that structural rather than cyclical changes are shaping the sector, reveals the second ETNO Annual Economic Report published today.
According to the report, jointly prepared with IDATE, total revenue in Europe’s telecoms sector decreased by 1.4% in 2010. Estimates for 2011 point to a decline by 2%. The revenue decline is mainly due to fixed line revenues which fell by 8%.