Source: European Parliament
Information and communication technologies (ICTs), as well as data services, now surpass traditional telephone services in importance for both consumers and businesses. With the surge in on-demand content and 4G/5G growth, the EU has introduced a telecommunications regulatory framework. This encompasses all types of telecommunications, including broadcasting. Research indicates that telecommunications services, network equipment, content and applications contribute up to EUR 1 trillion to the EU’s GDP annually, representing about 4.7% of the EU’s GDP.