Telecom chief executive Paul Reynolds has launched an attack on the country's regulatory framework, saying it hinders investment in infrastructure.
Reynolds has shrewdly timed the statements for an election period in which infrastructure investment has emerged as a major issue — and therefore his stance can exert maximum pressure, pushing his views on to the agenda.
The Telecom boss aired his frustrations in an exclusive interview with weekly business paper The Independent, which last week launched its election manifesto stating infrastructure, and in particular broadband, is one of the key areas the incoming government has to spend on.
With the current financial crisis increasingly impacting the real economy, global recession looming, and central bank rate cuts having only minimal effect, massively increased spending on infrastructure is emerging around the world as a recommended course of action — mimicking the way governments pulled out of the 1930s depression.
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