Investment in high-speed broadband is needed if economic growth is to continue, says UTEL
Company urges Governments to put money where it matters to meet new predictions
Following the announcement that the European economy is expected to grow by 1 per cent during 2014, UTEL, a leading independent research and development company for telecommunications systems, is calling on Governments to invest in high-speed broadband solutions, such as fibre, to make sure the predicted recovery is realised.
Despite the improvement forecast in Europe, economic recovery remains slower there than in other regions, including the US and Asia, with no growth in the continent’s economy during the last quarter of 2013.
Frank Kaufhold, Managing Director of UTEL, suggests the roll out of faster broadband internet through fibre is a project Governments could invest in to inject energy into the economy and kick start growth, ensuring the continent’s future prosperity.
“The way business is conducted is changing and it will undoubtedly rely on the fast interchange of data, making fast broadband solutions like fibre absolutely essential for future growth,” said Kaufhold. “Although Fibre to the Home (FTTH) and Fibre to the Premises (FTTP) projects are taking place in Europe, the level of investment is just not on a great enough scale. If the European economy is going to continue to grow then this needs to change.”
The importance of ICT and telecommunications to economies is highlighted further by the creation of The Grand Coalition for Digital Jobs in 2013, an initiative which aims to train and recruit people from Europe to fulfil the 900,000 ICT jobs that are expected to be created by 2015.
Kaufhold added: “Technology is advancing at an incredible rate and Governments need to act now to ensure they are not left behind. Investing in fibre helps businesses grow, create new jobs and increase spending for faster economic growth.”
UTEL will be available to discuss how it can help implement fibre solutions at the FTTH Conference, in Stockholm, Sweden, from February 18, 2014 to February 20, 2014. The company will also be showcasing its revolutionary Fast Light technology which forms the basis for a G-PON fibre management system, a centralised testing system which makes it easier to detect and fix faults on fibre lines, making maintenance easier and more cost efficient.
For further information about UTEL and its product range visit www.utel.co.uk.