Five reasons why Europe has already lost the 5G race

Recently five Nordic prime ministers (the leaders of Denmark, Sweden, Norway, Finland and Iceland) signed a Letter of Intent Development of 5G in the Nordic region, a declaration that the region should be the global leader in 5G. It sounds good and is likely appreciated by Nordic-based companies Ericsson and Nokia. The problem is that the region gave up its lead years ago, and it’s probably too late to get it back.

It’s not that the Nordic region doesn’t have the willingness, the problem is the constraints imposed by the European Union (EU). It doesn’t take a rocket scientist to understand why investment is flooding to the USA while it has essentially stopped in the EU.