'Europe doesn't realize how dangerous it is': Telecoms CEO warns of U.S. dominance in satellites, AI
The CEO of Bouygues warns that Europe is overly reliant on U.S. infrastructure, particularly in the fields of AI and satellite technology. He emphasizes the need for Europe to develop its own capabilities to ensure sovereignty in these critical areas. Roussat's comments come amid ongoing consolidation efforts in the French telecom sector, which are being pressured by intense price competition.
- ▪Bouygues CEO Olivier Roussat cautioned against Europe's reliance on U.S. infrastructure like Starlink.
- ▪He highlighted the importance of developing European capabilities in AI and satellite technology.
- ▪Roussat mentioned that the current price competition in the French telecom sector is affecting operators' profitability.
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The CEO of one of France's biggest engineering groups told CNBC that Europe mustn't rely on U.S. infrastructure, warning of "dangerous" over-reliance on infrastructure like Elon Musk's Starlink. "There [are] two things for the future where we need [Europe to] realize how big it is. This is AI, and this is satellite," Bouygues CEO Olivier Roussat told CNBC's "Squawk Box Europe" on Thursday."Europe doesn't realize exactly how dangerous it is to just rely on the American infrastructure."Paris-based Bouygues does business in the construction sector, transport, and telecommunications.The company is fronting telecoms consolidation attempts in France, where operators have engaged in intense price competition, which has put pressure on their bottom lines.
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