An effective legal and regulatory framework is essential in order to attract private investment into the telecommunications sector of most transitional and developing countries (TDCs) and to ensure that the TDC has the best chance of achieving the benefits for the country as a whole that flow from a competitive telecommunications sector. To help decisionmakers identify issues raised by their particular markets and craft solutions to those needs, this volume examines the design of telecommunications legislation in other TDCs, which are engaged in liberalizing and privatizing this sector. It looks at lessons learned, identifies best practice, and makes recommendations for improvement.