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Italy’s telecoms lobby urges EU to help lower energy bills, avoid power cuts
Published by Jessica Weisman-Pitts
Posted on October 10, 2022
2 min readLast updated: February 3, 2026
Global Banking & Finance Review®
Company
Published by Jessica Weisman-Pitts
Posted on October 10, 2022
2 min readLast updated: February 3, 2026
MILAN (Reuters) – Italy’s telecoms lobby has called on the European Union to consider ways to help the industry cope with rising energy costs as well as to shield their networks from any planned power cuts, a document seen by Reuters showed.
MILAN (Reuters) – Italy’s telecoms lobby has called on the European Union to consider ways to help the industry cope with rising energy costs as well as to shield their networks from any planned power cuts, a document seen by Reuters showed.
The energy crisis comes on top of other business concerns for telecoms operators in Europe, which are caught up between high investment needs and low returns partly linked to a crowded and competitive landscape.
In a letter sent to EU industry Chief Thierry Breton on Friday, Assotelecomunicazioni asked for telecoms players to be treated like energy intensive industries, a move which would ease access to measures to cut their electricity bills after a three-fold increase over the past year.
“Companies in the telecoms sectors continue experiencing increases of energy supply costs, while they must ensure continuity to their services,” the letter said.
As the risk of power shortages grows in the wake of Russia’s decision to cut gas supply in the wake of the Ukraine conflict, telecoms operators are bracing for potential power cuts which could knock out part of their network.
“A clear indication of the impossibility for telecoms network to be disconnected…would give much needed certainty to telecoms players and to the whole economic system over the service continuity”, Assotelecomunicazioni’s head Massimo Sarmi said.
(Reporting by Elvira Pollina; Editing by Keith Weir)
Telecommunications refers to the transmission of information over distances for communication. It includes various technologies such as telephones, internet, and broadcasting.
Energy costs are the expenses incurred from the consumption of energy sources, such as electricity and gas, which can significantly impact businesses and households.
A financial crisis is a situation in which the value of financial institutions or assets drops rapidly, leading to a loss of confidence and potential economic downturn.
Business investment refers to the allocation of resources, typically financial, by businesses to acquire assets or improve operations to generate future profits.
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