EU envisages for a super telecom regulator
After reducing mobile roaming charges by 75 percent for European customers, the European Union (EU) has now moved up to introduce new rules to liberalize local telecom market from former EU phone monopolies.
The Union will be forming a new agency dubbed as the European Telecom Market Authority (ETMA), which would enforce former EU phone monopolies to officially restructure to open their networks to greater competition. Viviane Reding,
the European Commission for telecommunications has envisaged this, reports the International Herald Tribune in a two-page story.
The new agency will be constituted with directors of 27 EU national telecommunications agencies. The agency will have the authority to overrule national regulators and interfere in domestic markets.
EU will empower the newly constituted agency to look after the issues relating to telecom regulations. The vital power that bestowed upon the agency is to regulate the former EU phone monopolies to legally open their networks to enable competitors equal access.
The proposal will be sent for commissioners approval in November this year. If the commissioners give green signal, then it will be presented before the EU telecommunications ministers next year. Finally, the proposal will be tabled in the European Parliament for legal thumb.