Alcatel-Lucent CEO: EU regulations harm telecom innovation

12/27/2012 | CNBC

Regulations in the EU are restricting innovation in the telecommunications industry, Alcatel-Lucent CEO Ben Verwaayen says. "It's not just a French problem, it's a European problem. If you look to why it is that the U.S. is so much [more] ahead than Europe, it's because of the business environment and what you're allowed to do because this is a regulated business. The situation in Europe is very unfortunate," Verwaayen said in an interview.

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