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This book analyses the role of deregulation, competition and modernization in telecommunications and energy in Europe, particularly in Eastern Europe. It features a comprehensive analysis of telecommunications policy and industry developments in the EU and selected postsocialist countries; the focus is on deregulation of public utilities, especially the electricity sector. Policy options for systemic transition are evaluated: Ex-GDR, Poland, Czech Republic and Russia. The book provides new data, information on institutional changes and new theoretical approaches to network industries. International aspects of modernizing telecoms and energy are discussed.