Mediaboss Marketing

By Marie Mawad, Jonathan Browning and Aaron Kirchfeld - 2012-05-30T07:24:50Z

Balint Porneczi/Bloomberg

An employee walks past banks of computer servers at the Alcatel-Lucent Bell Labs facility in Villarceaux, France.

Balint Porneczi/Bloomberg

An employee checks wiring on the computer servers at the Alcatel-Lucent Bell Labs facility in Villarceaux, France, on Thursday, 24 May, 2012.

An employee checks wiring on the computer servers at the Alcatel-Lucent Bell Labs facility in Villarceaux, France, on Thursday, 24 May, 2012. Photographer: Balint Porneczi/Bloomberg

Ben Verwaayen, chief executive officer of Alcatel-Lucent SA.

Ben Verwaayen, chief executive officer of Alcatel-Lucent SA. Photographer: Scott Eells/Bloomberg

Alcatel-Lucent SA (ALU) Chief Executive Officer Ben Verwaayen said Europes phone companies risk turning the region into a digital desert by shying away from investing in networks, widening the gap with the U.S.

Five years ago in the U.S., you knew that leaving L.A. meant going into the desert, meanwhile Europe was ahead, Verwaayen, who took over almost four years ago as CEO of Frances largest phone network equipment maker, said in an interview in Bloombergs offices in London yesterday. Five years later that has reversed. The creation of value has come back to the U.S.

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Alcatel-Lucent Says Europe Risks Becoming Digital Desert