Working Group on Financing and Investment 1st onsite meeting, 22 March 2014, Dublin, Ireland
At that first meeting of newly formed Working Group, Commissioners discussed the urgent need for new strategies to finance the massive new investment in telecoms networks needed to cope with a forecast huge surge in mobile data volumes.
“The MDGs constitute the attainment of basic human rights for billions of people around the world,” noted Carlos M. Jarque, who attended the meeting as the representative of Co-Chair Carlos Slim. “The MDGs and emerging Sustainable Development Goals are the foundation for eliminating extreme poverty in the third decade of this new century. It is a fact that broadband can make a tremendous contribution towards their attainment. But in many countries, the telecommunication infrastructure now needs to be doubled every year. No other sector is facing a similar capex investment challenge. We need to identify viable new operating and financing models.”