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Its managers look rattled.Even before private subscriber traffic was liberalised on January 1st, Telekom was suffering from deregulation of services to businesses.
Deregulation of services would not only help to improve the living standards of an ageing population, but by helping to unlock savings might also drag the economy out of deep recession.Japan's second lost decade holds worrying lessons for other rich economies.
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It would also mean deregulation of service industries, whose elevated charges raise exporters' costs.
It also promises further deregulation, especially of services, and more privatisation.
Deregulation of professional services would boost productivity and investment.
Deregulation of bus services outside London was brought in by the Thatcher government in the 1980s.
It put off deregulation of financial services and the privatization of state-owned businesses to appease the regional, left-leaning parties it needed to stay in power.
Deregulation of financial services was supposed to have made us all better off, so why did most of us have to live off credit to keep up?
Even deregulation of postal services, the oldest state-owned monopoly business of all, is due to start in 2003.Clearly, then, the single marketeers have been busy.
The parallel deregulation of financial services meant that this debt soon turned out to be toxic, and the world's banking system went into freefall.
To pave the way for the repeal of the Glass-Steagall Act and the deregulation of financial services, the financial industry spent some $5 billion over a 10-year period in lobbying and campaign contributions.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com