Telcos Nervously Eye Sweeping Industry Overhaul

Law360, New York (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...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.