"Wall Street is investing less in telecom...and telecommunication companies are investing less in their services, " he said.

FORBES: The Telecom Liberation Movement

The proposal, which was leaked today, has been allegedly introduced by ETNO (European Telecommunications Network Operators Association), a Brussels-based group representing such companies as Belgacom, SwissCom, Cyta, Eircom and Deutsche Telecom, and will be officially discussed at the UN International Telecommunication Union (ITU) in December.

FORBES: Is the U.N. Trying to Tax the Internet?