“We need to create an environment that incentivises the big digital infrastructure providers to make significant investments in what is an essential utility in our working and personal lives. The EC’s proposals to undertake an ambitious overhaul of the telecoms regulatory framework have the potential to play a crucial role in this, although at the moment all we have seen are media-friendly sound bites about creating a level playing field, rather than any concrete measures.
“However, the large telecoms network providers will be particularly happy to see ‘a comprehensive assessment of the role of platforms’, which suggests that the EC acknowledges there could be a problem to be addressed here.
“The broad range of topics the EC is poised to assess, including data security, geo-blocking, e-commerce, and the free flow of data illustrates the plethora of issues the telecoms and media industry is tackling. As always, the devil will be in the detail, but overall these proposals are an important step forward and will be welcomed by the telecoms industry.”
Zoe Sheppard, PR Manager at KPMG
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KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 12,000 partners and staff. The UK firm recorded a turnover of £1.9 billion in the year ended September 2014. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 162,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
This article represents the views of the author only, and does not necessarily represent the views or professional advice of KPMG in the UK.