Europe's existing telecom networks aren't up to the job of handling surging amounts of internet data traffic, a top European Union official said Monday, as he defended a consultation on whether Big Tech companies should help pay for upgrades.
The telecom industry needs to reconsider its business models as it undergoes a “radical shift” fueled by a new wave of innovation such as immersive, data-hungry technologies like the metaverse, Thierry Breton, the European Commission's official in charge of digital policy, said at a major industry expo in Barcelona called MWC, or Mobile World Congress.
