The work presents an evaluation of the telecommunications regulatory models in the European Union and the United States of America. The drive is predicated upon the prevalent of antitrust models which seems to have become the global best practise in telecommunications regulation. The extant legislations and enabling regulations in the EU and USA are carefully explored and utilitarian values, differences and similarities are identified. The recommendations and conclusion therein is intended to further regulatory best practises in telecommunications for enhanced consumer protection. One of which is the urgent need to address the impediments to extra-territorial application of domestic laws.