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European Union's Policy in Telecommunications - Essay Example
Author : hamillfrancisco
Pages 11 (2761 words)
European Union (EU) is a union of twenty seven independent countries which joined together to enhance economic and political corporation of those member regions. EU is the ultimate outcome of a free trade area in Europe that began among 6 European countries way back in 1957 after the scrapping of its predecessor organization European Coal and Steel Community…
Thus the EU telecom market has been undergone some revolutionary process, where new players have come to the market along with offering innovative new services, quality products and low prices.
Mobile communications, online services, information through the super highway or the internet have revolutionized the continuous growth and use of telecommunication in almost every sphere of the EU region. Telecommunication companies in EU in particular have introduced not only new but also cheaper combined fixed and mobile service packages with alternative pricing formulas and new ways of paying methods (Noam, 1992). Thus these new developments in the telecommunication policy of EU will be crucial to become a part of the modern Information Society. In fact liberalization of telecommunication is the cornerstone of EU's transition, with lowering the price of communicating, encouraging innovation and investment in new services and networks and contributing to improved competitiveness and increased employment. Thus the Information and Communication Technology (ICT) acquired a significant dimension in the coordination efforts of EU in their both the regional and global operations. ...