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Cell phone users in downtown Toronto on Monday, April 1, 2013.
Cell phone users in downtown Toronto on Monday, April 1, 2013.
(Peter Power/The Globe and Mail)

Financial Times

European telecoms: hanging on the line

Lex is a premium daily commentary service from the Financial Times. It helps readers make better investment decisions by highlighting key emerging risks and opportunities.

Oh, those fickle Eurocrats. For months, European telcos and their investors have been hanging on the words of European Union digital commissioner Neelie Kroes. Their hope was that Brussels’ quest for a pan-EU telecoms market, plus its desire to spur next-generation network investment (such as super-fast broadband), could improve their revenue-squeezed lives. Top of telcos’ wish-list was an easing of antitrust hurdles, which currently serve to reinforce national market boundaries within which a handful of players usually compete.