Europe: telecom overview

Europe: according to Infonetics Research, European telecom carrier capex rose 6% in 2004 to €40.6bn and is expected to grow 9% this year to €44bn. Revenues were only up 2% to €306bn, and are expected to grow 3% in 2005. Mobile revenues grew 8% in 2004, and incumbent carrier revenues are expected to grow 3% this year.