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My Profile Top News Reuters top ten news stories delivered to your inbox each day. Subscribe You are here: Home > News > Technology > Article Home Business & Finance News U.S. Politics International Technology Internet Entertainment Sports Lifestyle Oddly Enough Environment Health Science Special Coverage Video Pictures Your View The Great Debate Blogs Weather Reader Feedback Do More With Reuters RSS Widgets Mobile Podcasts Newsletters Your View Make Reuters My Homepage Partner Services CareerBuilder Affiliate Network Professional Products Support (Customer Zone) Reuters Media Financial Products About Thomson Reuters Telcos say can help recovery if regulation eased Thu Apr 2, 2009 1:55pm EDT Email | Print | Share | Reprints | Single Page [-] Text [+] By Georgina Prodhan LONDON (Reuters) - The global telecoms industry can help the world out of recession by creating 25 million jobs over the next five years, if regulation becomes less intrusive and it gets the spectrum it needs, industry leaders say in a letter. In an appeal to the Group of 20 of the world's leading and emerging economies meeting in London, the signatories say they are prepared to spend $550 billion to build mobile broadband networks, boosting global GDP by 3 percent to 4 percent over five years. "We're not looking for a bail-out. We're looking to invest," said Michael O'Hara, chief marketing officer of the GSM Association industry group, contrasting the sector with the banks whose future is a central theme of the G20 meeting. The industry says that by investing in mobile broadband it can stimulate growth by connecting hundreds of millions of people to the Internet, especially those in less developed economies with no access to fixed-line networks. "We believe we have the potential to connect 2.4 billion people to the Internet by 2013 via mobile," O'Hara told Reuters in a telephone interview. He estimated 200 million to 300 million people are connected to the Internet through mobile networks now. As a condition of that investment, the 25 signatories -- who include the chief executives of Nokia, NTT DoCoMo and Ericsson -- are demanding a more stable regulatory environment and fair prices for new spectrum. "The business case for mobile broadband is highly dependent on regulatory policies. In recent times we have experienced a trend of increasing regulatory intervention, often where this is not appropriate," says the letter released on Thursday. Unpredictable rulings from governmental bodies such as the European Union on prices telecoms companies can charge consumers and each other, or how they must share resources, discourage investment, the GSMA says. "We're not anti-regulation," the association's Chief Government and Regulatory Affairs Officer Tom Phillips told Reuters. "What we're saying is...that piecemeal approach is very damaging." Phillips singled out the EU's executive arm, the Commission, for particular criticism as having little discernible structure or strategy in its decisions. "It's just about being expedient, short-term, politically popular. It's no way to run such a strategically important industry," he said. The Commission has issued many directives designed to stimulate competition and benefit consumers, most of which involve limiting the powers of dominant telecoms operators, in most cases former state monopolies. Most of these large operators are also those with the means to invest in next-generation networks -- and the main signatories of the open letter. But Phillips denied they would be the main beneficiaries. "I don't think it does necessarily favor incumbents," he said. The GSMA, which takes much credit for developing an industry that has grown to more than 4 billion mobile connections worldwide, also called for the industry to be awarded some of the new spectrum becoming free as analog TV signals are switched off. Continued... View article on single page Share: Del.icio.us Digg Mixx Yahoo! Facebook LinkedIn Next Article: China honors revolutionary martyrs online Also On Reuters Commentary: G20 marks the end of the Anglo-Saxon era Robot scientists can think for themselves World's best job? Add sex, scandal for marketing dream More Technology News Robot scientists can think for themselves Microsoft sees wide U.S. support for Windows Mobile 6.5 Gene-engineered viruses build a better battery Facebook, YouTube at work make better employees: study World's best job? Add sex, scandal for Web marketing dream More Technology News... Editor's Choice Slideshow A selection of our best photos from the past 24 hours. 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