Europe's mobile carriers (VOD, FTE, TI, TEF) won't like this: the EU is planning to scrap...

|By:, SA News Editor

Europe's mobile carriers (VOD, FTE, TI, TEF) won't like this: the EU is planning to scrap roaming fees for voice, text, and data services next year (possibly by July '14) as part of an effort to create a common telecom market. The cuts are only expected to affect carrier revenues by 2% on average, but the impact on profits will likely be bigger, given the margins attached. Regulators have already announced plans to harmonize telecom regulations, and to make it easier for carriers to merge. "There are around 100 operators in Europe and only 4 in the US ... That’s not sustainable if we’re going to have a single market," a source tells the Telegraph.