Is the EU heading toward more telco break ups?

"Functional separation," the government-mandated splitting up of national telecom incumbents-ala AT&T and the Baby Bells in the U.S.-is gaining momentum in parts of Europe. British Telecom was the first to go, and the idea is rapidly gaining support. But is it really a good idea?

For more:
- see this Financial Times story

Related articles
Is Telstra's break up on the horizon? 
New Zealand Telecom's biggest problems