Seeking Alpha

Reuters: EU ditches effort to slash wholesale roaming fees

  • The EU had proposed to cut the maximum wholesale voice and data roaming fee rates paid by carriers to rivals by 70% for voice traffic, and 90% for data. Reuters reports EC telecom chief Neelie Kroes scrapped the idea following carrier criticism.
  • European carriers such as Vodafone (VOD), Telefonica (TEF), Orange (ORAN), Telefonica (TEF), Telecom Italia (TI), and Deutsche Telekom (DTEGY.PK) are already up in arms over plans to eliminate consumer roaming fees in the name of creating a common EU telecom market. The EU also wants to make it easier for carriers in different markets to merge.
  • Kroes will unveil her proposals for creating a common telecom market on Sep. 10. EU states and the European Parliament have to sign off on them.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|