Telefonica says EU tariff reforms to leave a hole in investment budget

www.WirelessFederation.com/news: According to Telefonica’s COO, the tariff cut by European Union regulators will reportedly burn a multi-billion-euro hole in the telecoms sector’s investment budget. It was on 1 July, that EU implemented new series of mobile roaming tariffs.
“Those two measures alone will cut investments by 6 billion euros ($8.57 billion),” COO Julio Linares.
As far as revenues are concerned, the cuts to roaming tariffs will have a impact of 6 billion euros and European operators will lose a further 34 billion from the decrease in call termination rates, Linares said.