Telefónica chairman seeks new regulation as Europe faces '5G revolution'
( February 2, 2021, 14:45 GMT | Official Statement) -- MLex Summary: José María Álvarez-Pallete, the chairman of Telefónica, has called for the EU to review how it regulates the telecom sector as it faces the "5G revolution." He said that spectrum auctions for 5G shouldn't be used to raise money from telecoms. The EU should revise its competition policies to allow for more market consolidation. Álvarez-Pallete said that Europe needs "regulation fit for the digital age that provides a level playing field." He called for the deregulation of the telecoms sector and for "new rules for the digital world."Full statement is below:...
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