France's telecom regulator, ARCEP, ordered wireless carriers to cut wholesale tariffs by nearly one-fourth. Analysts say the cut will cost carriers over $1 billion in annual sales. The news is poorly timed as MVNOs are encroaching on French carriers' market share. Recently, French carriers were fined $628 million for allegedly sharing confidential sales data to undermine competition. Article [1]
Links:
[1] http://www.businessweek.com/ap/financialnews/D8EFCFN80.htm?campaign_id=apn_home_down&chan=db