Spain to approve new telco law
September 3, 2013
From David Del Valle in Madrid
The Spanish government is set to approve a new telecom law (Ley General de Telecomunicaciones) by mid September with the aim of clarifying the telco sector, simplifying the legislation and paving the way for the introduction of new technologies and added-value services.
The present Telecommunications Market Commission (CMT) will disappear and will be replaced by a new watchdog body, the National Market and Competition Commission (Comisión Nacional de los Mercados y de la Competencia) which will be responsible for all regulation and will oversee the telco market.
The Minister of Industry, Jose Manuel Soria, has claimed that a “single European digital market” would be necessary in order to compete face-to-face with the US adding that a consolidation process in the European telco market is needed.