A key element is to reform how radio spectrum is managed, to improve the balance between frequency availability and our future needs and demands. Not just in one country - but to coordinate better around Europe so that everyone benefits.
I remain convinced that our proposal strikes the right balance if we want to put Europe in the driving seat for 5G. It promotes and stimulates the internal digital market while respecting national flexibilities for addressing particular circumstances.
With 5G, and dependent emerging sectors like the Internet of Things, we simply cannot afford to "wait and see" when it comes to reforming spectrum management. Other countries and regions are racing ahead.
We have heard clearly from many industry representatives that Europe cannot expect to lead in 5G deployment without first making major reforms in spectrum management. This is so that wide-scale investments, starting in cities and along transport routes, can generate an adequate return.
The longer licence durations we have proposed - a minimum of 25 years - reflect that thinking. They give long-term visibility and greater legal certainty to operators and investors, as well as more uniformity around EU countries. Not the piecemeal approach that Europe has today.
In addition, without a sufficiently long period, we simply would not see the investments that are needed in dense new wireless infrastructure. This is expensive and the business case is still evolving. It should be - and is - balanced by efficient spectrum use, based on the principle of "use it, or lose it".
This means better European coordination with binding rules on just a few key aspects, including maximum deadlines for assigning new bands, cross-border coordination to avoid harmful interference and a common approach to measuring network coverage objectives fixed in spectrum licences.
In fact, what we want is for independent national regulators to play a role in national spectrum decisions that could affect how the market functions, and for them to advise each other via the independent body, BEREC.
Europe came very late to 4G, partly due to limited availability of suitable spectrum at sufficient scale, unattractive terms for acquiring such spectrum and investing in networks. We do not want to make the same mistake with 5G.
It is about the structure and environment that will best support investments in Europe for building infrastructure that we badly need. With spectrum, the status quo has to change if we are to build a functioning Digital Single Market.