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Abstract

In the wake of the debate in Germany on how to weather the storms against the "marketplace Germany" (Unternehmensstandort Deutschland) the new German Telecommunications Act ("TA") has been earmarked as a milestone. Its supporters hail the TA to spur competition in Germany's telecommunications market, which they expect to have a turnover of over DM 100 billion (app. US $66 billion) by the year 2000.... This article seeks to summarize the salient features of the TA and to outline the perspectives for potential foreign investors in the German telecommunications market as to the regulatory environment such investor will face. For this purpose, it will briefly describe the process which led to the TA (2.), the applicability of the TA (3.), the Regulator to be established under the TA (4.), the licenses available under the TA (5.), the duties of the licensee (6.) and finally the rights of the licensee (7.). This article is not intended to and cannot provide a comprehensive summary of the TA. Instead it seeks to inform about and draw attention to only those issues which may be of primary interest to a potential investor and which are essential for understanding the regulatory framework for the telecommunications industry in Germany.

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