A PYMNTS Company

EU: Orange slams EU telco oversight as incompetent, dated

By  |  July 22, 2013

Telecommunications giant Orange SA has slammed the European Commission for being unable to handle the number of telco companies throughout the region, claiming the EU’s stance against telco mergers is harming the sector. Orange Chairman and Chief Executive Stephane Richard told media Monday that the Commission is holding back the strength of the telecommunications market and denounced the existence of only one regulator for the entire sector. Further, Orange spoke out against proposed drops in roaming taxes. Richard told a reporter that EU regulators are dated in their oversight and do not “understand that the world has changed.” Orange was raided by competition officials just days ago in part of an investigation into the company’s dominant position in providing Internet connections, say reports.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Nasdaq

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.