Deutsche Telekom CEO Tim Höttges called for Europe to establish its own version of Elon Musk’s Department of Government Efficiency to streamline bureaucracy in the telecommunications industry, stating that the region is lagging behind the U.S. and China in technological advancements like AI and 5G. Höttges emphasized the need to reduce red tape by creating an initiative to cut down on bureaucratic administration, highlighting the numerous regulators Deutsche Telekom deals with and pointing out the company’s ability to generate revenue from its U.S. operations.
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