Telcos Nervously Eye Sweeping Industry Overhaul

Law360 (June 29, 2006, 12:00 AM EDT) -- The European Commission proposed new regulations Thursday to promote competition in the telecommunications industry, inciting anxiety among telecom giants less than a week after E.C. director Neelie Kroes warned of a possible probe of the $338 billion industry.

In a speech in Brussels, E.C. telecom chief Viviane Reding proposed a single market in the European Union for cell phone customers to avoid roaming fees, and a single radio spectrum for uniform service.

“It is my firm belief that within the E.U., borders must not be any...
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