"But the proposal as it stands may mean that by removing critical retail markets from regulatory protection, the Commission could put in jeopardy the many benefits consumers have already enjoyed as a result of the framework as it exists today," he said.
Michael Bartholomew, director of the European Telecommunications Network Operators Association (ETNO), said Reding's proposals threaten investment in European telecom.
"We have the commissioner who is a populist," he told reporters. "Is this good for the health of the European telecom sector?"
"Mrs. Reding does not want to be confused with the facts. [...] This is unacceptable for the future of the European information society and we are falling behind other regions of the world," he said.
ETNO dismissed Reding's assertion that she was rolling back regulation, adding that companies will not upgrade networks if they are forced to open them up to competitors.
A consultation with the industry, the European Parliament and national governments will now run until the end of October. Reding said she will make concrete proposals for changes to the laws by the end of the year.
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