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The EC raided Telefonica (TEF +1.2%), Orange (ORAN +1.5%), and Deutsche Telekom's (DTEGY.PK)...

The EC raided Telefonica (TEF +1.2%), Orange (ORAN +1.5%), and Deutsche Telekom's (DTEGY.PK) offices out of suspicion the companies abused their dominant market positions with regards to providing data interconnection services to rival carriers. Interconnection fees, a subject Netflix is already quite familiar with, have become a contentious issue for carriers, as soaring online video demand leads to huge volumes of traffic being offloaded between carriers. Meanwhile, European mobile carriers are sharply criticizing an EU proposal to end roaming fees on the continent, in the name of creating a common telecom market.
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