Thursday, December 27, 2012

Europe Hurting Telecom Industry: Alcatel-Lucent CEO

Europe Hurting Telecom Industry: Alcatel-Lucent CEO: European regulations are stifling innovation within the telecom industry and preventing its growth, Ben Verwaayen, CEO of Paris-based telecom equipment maker Alcatel-Lucent has told CNBC.

"It's not just a French problem it's a European problem. If you look to why it is that the U.S. is so much [more] ahead than Europe it's because of the business environment and what you're allowed to do because this is a regulated business. The situation in Europe is very unfortunate," Verwaayen said in an interview telecast on Thursday.
U.S. ahead of Europe?  With about 20 million Americans lacking facilities-based Internet service?  Clarification, please.

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