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Meanwhile, in Europe, Vodafone's Colao said that he feels comfortable with how European regulators have handled the issue.
"The way that regulators have dealt with the Net neutrality issue in Europe is healthy," he said. "It recognizes the competitive environment. And I think it's something that U.S. regulators can learn from."
But he said that issues dealing with inter-carrier compensation, or the way operators compensate one other for accessing networks, need to be revisited. Specifically, the government tariffs that are charged to access networks between countries are too high, which leads to higher prices for wireless consumers.