On 2 April 2007, the European Commission issued its 12th report on telecom markets, where revenues are almost EUR 290 billion. The report examines market and consumer developments and the regulatory environment in the ICT sector, and includes individual chapters covering the situation in each Member State. The conclusion is that the implementation of the regulatory framework is working overall to bring competition to e-communications markets, with resulting benefits to consumers in terms of prices and innovative converged services. However, consistent regulation across the single market is not currently available. The Commission will address this issue with the reform of the EU telecom rules, planned for summer this year.