The chief executive of Ericsson said a focus on regulation was “driving Europe to irrelevance” as he warned that the region’s competitiveness was being undermined and called for changes to antitrust policy.
Börje Ekholm, head of the Swedish telecoms equipment maker, said in an interview with the Financial Times that the continent was “falling behind in a number of parameters” with digital infrastructure at risk.
He said the focus on regulation “is driving Europe to last place [and] is driving Europe to irrelevance” which was why he believed it was “on the way to becoming a museum — great food, great architecture, great scenery [and] great wine but no industry left”.
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