The European Parliament voted in favor of “net neutrality” rules, which restrict how phone companies manage their networks, in a move meant to prevent blocking or degrading of certain websites and traffic.
A package of telecommunications rules being considered by Europe’s parliament this week is crucial to keeping the region’s phone companies competitive, according to European Digital Agenda Commissioner Neelie Kroes.
JPMorgan Chase & Co. and HSBC Holdings Plc face a European Union complaint as soon as next month as the bloc’s antitrust chief races to fine a quartet of financial companies that snubbed rate-rigging settlements.
European Commission Vice President Neelie Kroes said that more rules need to be in place to govern online spying on user data as she pushes through a package of reforms meant to increase Internet and mobile use.
Earlier this month, Neelie Kroes, vice president of the European Commission, announced that she would soon release a proposal to create a single market for data communications in Europe. The goal, Kroes says, is to “deliver a competitive, connected continent. Where operators can smash barriers and think big. Plan, bid and invest on a large scale.”
AT&T Inc. Chief Executive Officer Randall Stephenson took advantage of the World Economic Forum this week to discuss potential European acquisitions with the region’s top telecommunications official, according to a person with knowledge of the matter.
Vodafone Group Plc Chief Executive Officer Vittorio Colao said Europe’s phone carriers aren’t investing enough in new technologies because they struggle to make money, calling for more consolidation in the industry.