Book excerpt: The provision of advanced telecommunication networks is increasingly pivotal in determining an economy's perfomance. This study examines the importance of these networks within the EU and questions their role in promoting economic regeneration and renewal in Europe. Examining the nature of telecommunication networks and the rationale for the development of trans-European networks, the study explores the features networks need to exhibit if they are to complement the broad themes of Europe's industrial policy, and demonstrated the economic importance of advanced telecommunications to business. The final chapters of the volume offer an analysis of the technology associated with the three chosen priorities of the EU in the development of advanced telecommunication infrastructure: the Integrated Digital Network (ISDN); and the development of telematic network; the development of broadband networks.