The deployment of next generation networks by incumbent fixed-line operators presents a challenge to regulators. This challenge is to balance the needs of end-users with a desire to encourage workable competition between the incumbent and new entrants. The next generation network architecture has the potential to alter the liberalised regulatory environment and reinstate the incumbent as a monopoly provider. This paper analyses the issues that arise from such a deployment and proposes options available to regulators if intervention is required. The analysis sets out the architecture of next generation networks, the impact that their deployment has on competitors and potential access to the core network and access network of a next generation network. The paper concludes by setting out some of the regulatory options that are available.