The European Union (EU) Commissioner for Digital Agenda, Neelie Kroes, has revealed new telecommunications rules will be ready by Easter 2014.
Kroes was quoted by the Wall Street Journal as saying: "The speed is badly needed because we are in a crisis.
"But it also means that rather than pursuing the "dream" of a single telecoms regulator for all 27 EU countries, we should be pragmatic…just put in the basket what you really need," Kroes said.
The new proposal will have provisions to address issues related to allocation of spectrum in the region as well as issues related to cybersecurity.
Previous proposals to create a single regulator for across the region was rejected by the member countries, which did not want an EU regulation over issues currently managed at national level.
Kroes has also welcomed a pledge by Egypt to maintain an open Internet, which would not be subject to government shut downs.
Recently, the European Commission (EC) unveiled plans for the Global Internet Policy Observatory (GIPO).
GIPO is an online platform to enhance knowledge and participation of all stakeholders globally in debates and decisions on Internet policies.
Earlier this year, EC has proposed new rules aimed at reducing the cost of rolling out high-speed Internet across the European Union by 30%.
In February this year, the EU decreased broadband funding to the Connecting Europe Facility (CEF) to €1bn from the proposed €9.2bn.
