Milan, 11 May, 2017 – Prysmian Group, world leader in the energy and telecom cable systems industry, and the Italian Permanent Representation to the EU today co-hosted a meeting with Ambassadors, Commission officials, the European Investment Bank and telecoms industry representatives, to discuss the EU’s ambitions for its telecoms networks at a crucial moment in the legislative process.
Ambassador Pugliese commented: “In Italy and other Member States we have seen steadily climbing demand for both mobile data and fixed ultra broadband internet access. We are addressing this demand with specific instruments to develop future-proof networks starting from market failure areas. We need a European framework that will sustain the investment conditions that allow the expansion of the underlying telecom networks to match future demand.”
A key issue being discussed in both the European Parliament and Council is what constitutes a very high capacity network. The more ambitious members of both institutions are pushing for a more stringent definition that emphasises the role of fibre, and will ensure that the networks matching this standard are truly future-proof. As pointed out during the lunch-debate, the advantage of optical fibre in this regard is not only that it is able to out-perform other technologies in terms of download speed, but also on other key measures including latency, reliability and upload speed.
With talk focussed on the European vision, Philippe Vanhille, Senior Vice President Telecom Business at Prysmian Group, drew attention back to the need to ensure this vision was endorsed by Member States also. He stated: “Member States are due to update or renew their national broadband plans. We expect to see an appropriate level of ambition in these plans, with targets in terms of coverage and connectivity that will place Europe in the position to become a global digital leader. We also hope that decision makers will optimize Capex and Opex by choosing the best solutions, building robust and future-proof infrastructures.”
Prysmian Group is world leader in the energy and telecom cable systems industry. With nearly 140 years of experience, sales of over €7.5 billion in 2016, 21,000 employees across 50 countries and 82 plants, the Group is strongly positioned in high-tech markets and offers the widest possible range of products, services, technologies and know-how. It operates in the businesses of underground and submarine cables and systems for power transmission and distribution, of special cables for applications in many different industries and of medium and low voltage cables for the construction and infrastructure sectors. For the telecommunications industry, the Group manufactures cables and accessories for voice, video and data transmission, offering a comprehensive range of optical fibres, optical and copper cables and connectivity systems. Prysmian is a public company, listed on the Italian Stock Exchange in the FTSE MIB index.