Governments in the European Union are set to regulate the costs on roaming charges of data usage and text messages. According to Mobile Industry Review, by citing Reuters, the EU Telecoms Commissioner has outlined the cost should be at 11 Euros cents for a roaming text message, compared with the existing average rate of 29.

This all new regulations will effective on July 1, 2009, when the joint legislation takes effect in the European Parliament. And it’s aso just in time for the summer holidays. Wahoo.