Telecom giant Ericsson says Europe’s industry structure is ‘probably unsustainable’

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Swedish telecom company Ericsson warned Europe's industry structure is likely unsustainable, calling for consolidation across the region.

Swedish telecom company Ericsson on Monday warned Europe's industry structure is likely unsustainable.

"The big problem in Europe is really that our customers can simply not afford to build out the networks and I think that is going to hurt European competitiveness long term," Ericsson CEO Börje Ekholm said.Nurphoto | Nurphoto | Getty Imageson Monday warned Europe's industry structure is likely unsustainable, calling for consolidation across the region to boost competitiveness.

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