I'm not a telco, nor do I work for one. I'm a consumer, so the reason why I hate this is not the same reason why the telcos hate it. Their interest is to make money. My interest as an EU citizen is good governance. Countries where arbitrary prices are fixed for populist reasons tend to be poor.
The competition commission should make sure that the markets aren't rigged and leave it to the market to determine the right price. I'm not saying markets always work well, but the telecoms market does.
I think our dispute comes down to a single question: Are high prices alone proof enough of a dysfunctional market? You seem to say that by definition excessive prices are a market failure that has to be fixed by the government. I disagree. I think the standard of proof has to be higher than that.
If governments effectively start to target profit margins for particular services it will result in massive misallocation of capital. The prices of basic services will go up and innovation will suffer, because one reason for innovating is to earn very high margins for a while until cheaper alternatives become available.
The competition commission should make sure that the markets aren't rigged and leave it to the market to determine the right price. I'm not saying markets always work well, but the telecoms market does.