Communications In Spain: Opportunities For Investors

Electronic communications have entered into a new phase. They are no longer an activity drawing strong attention because of the technological novelties and subsequent social changes. But their continued relevance in economic terms given their direct contribution to national welfare does not leave room to discussion: during year 2005, total income was estimated to be more than 40.8 billion euros (9.9% higher than year 2004) with more than 5.6 billion euros invested, which means an increase of 19 % in respect of year 2004 —which, in turn, had a growing rate of only 2.7%—. Its contribution to GDP was of 3.6%.

A similar process has occurred with the legal issues specific to this sector. Regulation is still important, but changes are not as dramatic as they were several years ago and there is a logical decrease in the intensiveness of regulation.