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According to Ken Hu, Rotating CEO and Deputy Chairman of the Board at ICT firm Huawei, Europe has a shortfall of €345 billion in the €500 billion investment needed to reach its 2025 connectivity goals of making speeds of over 30 Gbps available.
Delivering the Opening Address at the Huawei European Innovation Day in London, Hu noted that Europe has a pressing need to go digital, with consumers wanting access to fast, hassle-free networks capable of delivering 4K Ultra HD content, and industry increasingly relying on digitisation, but that high-speed connectivity was only available to 76 per cent of Europe, with just 40 per cent in rural areas.
He recommended that Europe develop a strong broadband infrastructure which would bring enhanced coverage, with future networks cable of delivering 10 Gbps for both consumers and industry, with lower latency.
He confirmed that Huawei would continue to collaborate with its European telco and research partners in developing networks of the future.