December 27, 2008 / 9:50 AM / 10 years ago

EU clears Spanish regulation on fast internet

MADRID, Dec 27 (Reuters) - The European Commission has cleared a Spanish draft regulation on wholesale broadband internet access which will allow Telefonica (TEF.MC) to limit access for rivals to parts of its new fibre-optic network.

In a press release posted on the European Commission’s website Dec. 24, the Commission said it had given the Spanish regulator, the CMT’s, draft the green light, but added it still had concerns on certain elements of the regulation.

The Commission said it believed wholesale broadband access for Telefonica’s rivals should not be limited for internet speeds of up to 30 megabits per second.

“On the basis of the Commission’s presently limited powers of oversight, it can only invite the CMT to change its regulatory approach in this regard,” it said.

Telefonica and CMT have argued it would be a disincentive to invest in new infrastructure if regulators obliged Telefonica to open its network up to rivals, which include Vodafone (VOD.L) and France Telecom’s Orange FTE.PA. (Reporting by Paul Day; Editing by Ron Askew

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