Many European countries have been carried out a modernization projects in public sector financial reporting since the last two decades. Consequence of a stronger demand for complex, reliable and relevant economic information on government is governments´ efforts towards better accountability....

In the post war period, telecommunications – being services of “general economic interest” – were initially managed by public administrative bodies in many Western European countries. With the rise of New Public Management (NPM) in the 1980s, these bodies were often transformed into...