EU Telecom Overhaul Faces a Bumpy Ride
The European Union is preparing a plan to fix its fragmented telecommunications market and encourage investment in new high-speed networks. But opposition from some countries and companies could derail or water down the long-awaited update of the bloc's telecom regulations. The proposal came under fire even before it was officially introduced. Some members of the European Commission, the EU's executive body, said the proposal wasn't ambitious enough. And some of Europe's biggest telecommunications companies said the plan could cost them billions while doing little to advance their biggest goal—industry consolidation in the region.