Germany’s complete overhaul of the telecommunications legislation seeks to ensure easy access to the German market and a level playing field for all, based on regulation that is independent and quick to intervene against any abuse of market power, in other words to ensure a sound and predictable investment climate. Our regulation aims to promote competition in the telecommunications sector and to encourage technological and organizational progress at the same time. This policy stands to benefit all: customers, Deutsche Telekom AG, new entrants, the workforce, Germany as a place to do business, and the prospects of the German economy generally. The World Trade Organization estimates that a quarter of all economic activity in the industrial countries will be accounted for in the future by electronic commerce. Germany is preparing itself for these global challenges and has already made a promising start.
Price Control and Other Regulatory Issues,
23 Fordham Int'l L.J. S122
Available at: http://ir.lawnet.fordham.edu/ilj/vol23/iss6/10