They've spent the last five years trying to de-politicize the whole oil price setting mechanism, getting rid of the image of OPEC as a politically driven cartel, trying to portray themselves as central bankers and they are being asked to make a tough political choices now,
The regulatory changes will squeeze margins, there's no doubt about that. But a sense of normality has returned to the telecoms sector -- investors are no longer worried about asset deflation and are trying to pick the winners.