Divide between European and U.S. telcos widens
BARCELONA (Reuters) - When the bosses of global mobile operators meet in Barcelona this week, there will be an elephant in the room: the widening gap between fast-growing and richly-valued U.S. telecoms companies and their ailing European counterparts.
A overcrowded market, tough regulations and recession are hampering European telcos' ability to invest in faster networks, increasing the risk that the region's flagging economy falls further behind the United States and parts of Asia. [...]
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KrKHeavy Artillery For The Little GuyPremium
Re: Divide between European and U.S. telcos widens
It's obvious. "A overcrowded market". Translation: They actually have competition. The EU telecoms have lots of competition, the US ones don't.
Why is it surprising the US ones are "Rich"? Because we're making them so. They are bending us over, and making fat profits.
This is by no means "Good" for us US consumers.
"Fascism should more properly be called corporatism because it is the merger of state and corporate power." -- Benito Mussolini
Yes, but notice with the exception of Scandinavia and Central Europe, Europe has been slow in adopting 4G LTE.
As for bending over customers, that wouldn't be too much of the issue if we had consistent service, but we pay not only more but pay more for less service.
Even Canada has more consistent 3g/4g coverage especially in more rural areas. That isn't so for States especially in Midwest.
Europe has it's own problems too. Look at gas prices there.