The telecom industry has changed, and the industry dynamics will continue to shift under the pressure from social media and the power of the consumer.
Since the 1984 break-up of AT&T, the telecoms industry has changed out of all recognition, transformed by a cornucopia of new technologies beyond mere telephone calls, and a herd of robust new competitors.
Dan Ridsdale, analyst at Edison Investment Research, said: "In the space of a few months, the UK telecoms landscape has changed enormously.
The most successful entrepreneurs take on huge competitors, he noted, pointing to Hotmail, which took on the postal system; Skype, which confronted the telecom industry; and MySpace, which has changed the concept of community.
In the past journalists had control of this information, but because so much data was now controlled by third parties such as internet service providers and telecoms companies, he said "the game has changed".
Both bring work for other businesses, such as in telecoms and air transport.Iraq, and the outsourcing of many support activities once performed by soldiers, has changed things.
If the telecoms companies really overbid this time, it is all the more important not to change the rules ex post.The real cause of the companies' troubles is that the market has changed.
Atlanta-based phone company i2 Telecom has changed that with the VoiceStick, a software-based VoIP phone that is loaded on a flash-based USB thumb drive, the same bit of hardware that's become popular for transferring files between PCs.
On Mar. 1, 1996 Whitacre brought together nine senior execs for a now fabled gathering in Ojai, Calif., telling them the telecom world had changed forever.
On Mar. 1, 1996 Whitacre brought together nine senior execs for a now fabled gathering in Ojai, California, telling them the telecom world had changed forever.
The telecom and the data networking industries have changed over time, particularly with the convergence of user requirements and expectations.
