EU: Telecom deregulation good for consumer

Dec 22, 2005

Telecommunication reforms have led to better services and cheaper prices in Europe, the European Union reported Thursday.

The EU said that reforms in services of general economic interest such as air transport and postal services as well as telecommunications "have produced clear benefits for European consumers in terms of lower prices, choice, and better services."

At the same time, the EU pointed out that progress in deregulation still remains slow and obstacles to ensure market competition remain.

It also stated that "increasing competition in these industries is also key for the member states that joined in 2004 in order to avoid any inflationary pressures resulting from the catching-up process."

Copyright 2005 by United Press International

Explore further: AT&T earnings unchanged, but revenue grows in 1Q

add to favorites email to friend print save as pdf

Related Stories

Recommended for you

Bloomberg invests $5M in solar-powered lamp

11 hours ago

Former New York Mayor Michael Bloomberg's foundation has announced a $5 million investment in an artsy-looking solar-powered lamp designed for use in off-grid populations in Africa.

Research shows impact of Facebook unfriending

13 hours ago

Two studies from the University of Colorado Denver are shedding new light on the most common type of `friend' to be unfriended on Facebook and their emotional responses to it.

User comments : 0

More news stories

Old tires become material for new and improved roads

(Phys.org) —Americans generate nearly 300 million scrap tires every year, according to the Environmental Protection Agency (EPA). Historically, these worn tires often end up in landfills or, when illegally ...

Mantis shrimp stronger than airplanes

(Phys.org) —Inspired by the fist-like club of a mantis shrimp, a team of researchers led by University of California, Riverside, in collaboration with University of Southern California and Purdue University, ...

Volitional control from optical signals

(Medical Xpress)—In their quest to build better BMIs, or brain-machine-interfaces, researchers have recently begun to look closer at the sub-threshold activity of neurons. The reason for this trend is that ...