By FERNANDO HERRERA GONZÁLEZ
Telecommunications operators have been suffering for a while in the European Union, as can be attested by any analysis of their financial metrics. Accordingly, investors remain cautious about funding new developments, such as fibre to the home or 5G networks, jeopardising in turn the prospect for future consumer welfare in the coming wave of ‘metaverses’. In this article,
it is argued that the situation is due to a collision between +the economic models of reference implicit in the decisions
of telco national regulatory authorities (NRAs), the EU’s Directorate General of Competition (DGCOMP) and the national competition authorities (NCAs).
The conflict between models of perfect contestability and perfect competition is damaging to European telcos and consumers, argues FERNANDO HERRERA GONZÁLEZ. Regulators need to choose
- Intermedia Issue:
- Vol 51 Issue 2
- Issue Date:
- June 2023
Fernando Herrera González
Manager of Economic Regulation, Telefónica SA 
