EU gets breakthrough in cutting roaming costs

MarketsAssociated Press

The European Union has clinched a breakthrough in cutting costly mobile-phone roaming costs in the bloc ahead of the summer holidays.

The EU presidency announced Wednesday that officials from the 28 EU nations and the European parliament reached a deal on how much operators may charge each other for using their networks to provide roaming services, which should cut costs substantially.

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Up to now, EU citizens have to pay hefty costs to use roaming facilities when they visit or work in other member states. It was long seen as an impediment to creating a seamless market among the member states.

The measure still needs to be approved by the full legislature and the EU member states but the common stance agreed is seen as a vital breakthrough.