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 Thursday, 15 October 2009

­A major challenge for the European economy over the next five years will be to achieve the right political and regulatory environment to foster investments in new high-speed telecommunications networks, Telefónica Chairman César Alierta said today.

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The deliberalisation process has been a great European success story and resulted in the creation of today's competitive communication markets in Europe, in which consumer prices have been constantly decreasing in the last decade.

But Alierta warned that while Europe is global leader in telecoms - particularly mobile communications where the region has the highest penetration and coverage of any major market - it significantly trails the USA in the development of Internet applications and Software and Asia in terms of hardware and computer manufacturing.

Source: Cellular News