TELECOMMUNICATIONS: CHIRAC CALLS ON THE EU TO HELP AILING SECTOR.

• Position: Brief Article

Mr Chirac described the industry as in ruins and undergoing a deep crisis owing to a lack of political direction. The crisis in this industry is due to "excessive and what I think is irresponsible taxation when the UMTS (3G) licences were being awarded", Mr Chirac told reporters after the latest EU Summit in Brussels. He also blames the problem on the "lack of European policies when the allocation process was underway, which has led to the sector's downfall". He is going to press the...