Borja Ochoa (Telefónica): "Europe needs to grow in technological capabilities"

Borja Ochoa, president of Telefónica, emphasizes the need for European tech companies to consolidate for better investment capabilities. He discusses the rapid technological advancements and the importance of alliances to enhance security and sovereignty in technology. Ochoa highlights Telefónica's evolution beyond telecommunications, focusing on creating a sovereign platform for data and AI. He notes the European Commission's draft law aimed at ensuring technological sovereignty and the necessity for companies to control their data management. Ochoa advocates for regulation as a first step towards sovereignty, followed by technological control, and stresses the importance of satellite technology for resilience and communication in remote areas. He believes that consolidation will lead to greater profitability and investment capacity in the sector.