There's a new definitive book on European net neutrality law and policy of course - but here's the unexpurgated version of my predictions:
Telecoms law is a European law field with limited national
specialisation. The entirety of 2017 is therefore dominated by consideration of
Brexit. Like many lawyers and 48.1% of voters, I consider Brexit a long slow
lingering English suicide, and still hope it can somehow be proved that Article 50 is
the EU’s version of Hotel California: you can check out but you can never
leave.
In spring I predicted to all and sundry in Brussels that Brexit
would be voted for, Cameron would be gone in no time, May would take over as
PM, and that she would call a snap General Election in spring 2017 to get
a mandate for not leaving. The first three have happened….but the fourth still
looks unlikely as the Boundary Commission will not report until autumn 2018,
almost guaranteeing a Conservative government. Theresa May left us her legacy as Home
Secretary by refusing to allow freedom to the information in Orgreave
policing, while passing the extraordinarily intrusive Investigatory
Powers Act 2016. Soft Brexit hopes are diminished.
If Brexit does happen despite my earlier predictions, then an
exit from the Internal Market would be disastrous for inward and outward
investors. Remember that it was BT and Vodafone who first broke into other EU markets in the late 1990s, dominating Irish telecoms amongst others. Vodafone’s
extraordinary hostile takeover of Mannesman caused shockwaves throughout German corporate governance. Yes, UK telecoms has become more domestically focussed
with BT’s failed expansions and the recent (2015-16) mergers leaving 2 UK-owned
mobile companies and O2 for sale. Virgin Media has announced Brexit will mean
less investment into the UK.
On net neutrality, it was the Brits (through Ofcom) and Norwegians
who wrote the recent BEREC Guidelines on implementation. Ofcom cannot remain a
member or even observer of BEFEC/ERG if we leave the Internal Market, whateverthe Ofcom CEO may hope. Can we even follow the rules we wrote?
Britannia May therefore waive the rules of Brexit, but must
follow the Digital Single Market whether in, soft out or entirely David Davies.
A long cold winter will wipe out the Brexit majority even if no-one had changed
their minds since June 24, with $1.5trillion (about the same in € or £ these
days) wiped off national wealth. From what our esteemed Foreign Secretary
called a “membership fee seems rather small for all that access” in our opt-out
bespoke EU membership in his unpublished February article, we may by 2018 be
looking at the imminence of the worst of both worlds: no fee for no access or a
high fee for limited access.
As for a Trump America with or without a Farage ambassadorship,
expect a divergence from global rules for regulating telecoms and net
neutrality, with a return to US exceptionalism in permitting concentration in
access markets and discrimination in terms of trade for content providers,
ending the open Internet after a 25 year regulated commercial experiment.
Will no-one except The Donald (sick) think of the future of our children?
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