Government regulation of a specific service market includes rules that the players in the market must follow
and the penalties that those firms may suffer when they do not comply with these rules. Regulation can be divided into two
broad types, that relating to standards, and that relating to competition
The basic aim of regulation is to ‘‘facilitate
competition in markets primarily by means of access and interconnection regulation, to enhance the access to limited resources
such as radio frequencies, and to implement social aims instituted by policy decisions regarding, for example, universal
access and service’’
NGNs with multi-service platforms raise new challenges for the regulators. Their actions,
on the other hand, influence the innovation climate of the market.