Mr Alierta said that if no revenue sharing agreement was possible between the internet search engines led by Google and the network operators, regulators should

Mr Alierta said that if no revenue sharing agreement was possible between the internet search engines led by Google and the network operators, regulators should supervise a settlement. This is what strikes me as disturbing. Peering has been one of the success stories of an unregulated internet infrastructure in contrast to the hugely complicated PSTN system with all manner of complicated charging schemes. In this instance getting regulators involved would almost certainly complicate things. Bureaucrats won't understand the myriad of informal relationships that underpin the peering that runs the internet.