It seems that the European Commission has dumped its ambitious plans to create a US-FCC style telecom watchdog for the EU member states following disagreement from lawmakers over the move.
The commission said in a statement, “The European Telecoms Authority proposed by the Commission will be substantially smaller in size and competences than initially envisaged.”
The European Commission will be issuing new telecom rules on the EU Telecom Reforms package, based on the current discussions in the Council and the European Parliament vote on the issue on 24 September 2008.
However, the commission has agreed to create a pan-European telecom regulating authority, but it would be far more lenient and smaller that the authority proposed initially, as it would have no concerns with the issues of network security and spectrum allocation.
The new regulating body, dubbed ‘Body of the European Regulators in Telecom’, or simply BERT, would comprise of staff equally appointed by both national telecom regulators and the European Commission.
Meanwhile, addressing an event organised by the European Telecommunications Network Operators' Association (ETNO), EU’s Telecoms Commissioner Viviane Reding said that the ongoing global financial crisis would hit the new entrants in telecommunication harder than the established players in this domain.
- EU abandons telecoms regulator plan
- EU Curtails Its Plans for Telecom Regulation
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- EU's Reding says credit crunch may hit new telcos
The Website of the European Commission
The Headquarters of the European Commission in Bruxelles, Belgium
The Actual paragraph calling for the creation of the Body of European Regulators in Telecom