A new study jointly commissioned by INTUG (the international user group for major telecoms customers) and ECTA (European Competitive Telecoms Association) estimates that the value of a single digital market in the EU for digital communications services as €90 billion.
The need for regulators to address the issues of easier cross-border service provision to enable efficiencies for major businesses has become a significant challenge as the digital economy develops.
Major businesses may represent only 2% of all EU companies but these multi-site, multinational organisations generate 60 million jobs and account for nearly half of EU business turnover and more than half of ‘value added’.
Together with public service agencies, businesses contribute disproportionally to the revenues of major telcos and, in their remit for protecting the interests of all customers, regulators should be mindful of the market distortions that flow from this ‘indirect taxation’.
You can find the full story and a link to the INTUG-ECTA study at Bdaily – the UK’s business news network.