The Great Debate UK

from The Great Debate:

Mobile industry stimulus, strings attached

ericauchard1-- Eric Auchard is a Reuters columnist. The opinions expressed are his own --

Some of the world's biggest mobile operators say they can stimulate the global economy by luring $550 billion in new investment, but only with the implied trade-off that they retain their monopoly market powers.

AT&T, Deutsche Telekom, NTT DoCoMo, Telefonica and Vodafone are among the carriers who have called on national regulators to provide a "minimally intrusive" regulatory environment to encourage new investment.

In a letter to world leaders gathered at the G20 Summit in London, the industry is looking to showcase its power to create jobs and stoke business activity by arguing for rule-making that would ensure their ability to make decent monopoly profits on new networks.

A group of executives representing 24 of the world's biggest carriers and phone equipment makers such as Alcatel-Lucent, Ericsson and Nokia also say regulators should free up more radio airwaves for their services.