The document discusses next generation networks and the value they may provide through "creative destruction". It outlines some key aspects of next generation access networks including deeper fibre access replacing copper networks. It also discusses some policy enablers that could help drive transformation, such as technology neutral policies, copper network switch-off, and allowing new relationships through changes to regulations. Realizing the full benefits of next generation networks may face challenges around efficient investment, price flexibility, restructuring value chains, and overcoming entrenched interests.