A clear, concise and effective legal, regulatory and institutional framework is critical for the
attraction of private investment into the telecommunications sector (the “Sector”) of transition
economies. Such a framework is also critical to ensure that the transition economies maximise
the benefits that flow from a competitive Sector and from the introduction of, and widespread
access to, the information communication technologies (ICT) that support today’s
“information society”. The need for such a framework is particularly acute where there are
increasing demands on limited capital investment for infrastructure upgrade and expansion,
whereby potential investors have a wide range of opportunities to choose from globally, both
in transition economies and otherwise. A clear, concise and effective legal, regulatory and
institutional framework can be achieved through government and Sector authorities ensuring
that fundamental core principles for Sector regulation, such as those promoted by the World
Trade Organisation (WTO), the European Union (EU) and other regional bodies, are fully
reflected in Sector policy, legislation, regulatory implementation and administration. These
core principles, endorsed by EBRD, include the following:
A clear, concise and effective legal, regulatory and institutional framework is critical for the
attraction of private investment into the telecommunications sector (the “Sector”) of transition
economies. Such a framework is also critical to ensure that the transition economies maximise
the benefits that flow from a competitive Sector and from the introduction of, and widespread
access to, the information communication technologies (ICT) that support today’s
“information society”. The need for such a framework is particularly acute where there are
increasing demands on limited capital investment for infrastructure upgrade and expansion,
whereby potential investors have a wide range of opportunities to choose from globally, both
in transition economies and otherwise. A clear, concise and effective legal, regulatory and
institutional framework can be achieved through government and Sector authorities ensuring
that fundamental core principles for Sector regulation, such as those promoted by the World
Trade Organisation (WTO), the European Union (EU) and other regional bodies, are fully
reflected in Sector policy, legislation, regulatory implementation and administration. These
core principles, endorsed by EBRD, include the following:
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