Western Europe's incumbent telcos should stop worrying about debt and work out an action plan, according to the latest report from Analysys.
The consultants explained that the telcos might collectively owe more than €240bn, but that it was more important to work out how to create value and maintain competitive advantage in the longer term.
Tamsin Pert, the report's author, said that the management of long-term debt is clearly the principal driver in the incumbents' decision-making process.
Pert maintained that, despite problems, the European telecoms market is still growing, but is hampered by unpredictable demand, weak competition and confused regulation.
"The success or otherwise of GPRS and third-generation [3G] networks will be a crucial factor for most incumbents, many of which are already under financial constraints and have capped capital expenditure for the next few years," she said.
But many carriers do not seem to have a strategy if GPRS or 3G networks and services do not perform as customers expect, or if costs are higher than planned, said Analysys.
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