Perspectives on Global Telecommunications

Perspectives on Global Telecommunications According to the International Telecommunication Union (ITU) and the 1996/97 World Telecommunications Development Report, it would take the gift of second sight and more to predict the course of the telecommunications industry over the next few years. One thing, however, is certain: the industry in 2008 will bear little resemblance to the telecom business of today. Most, if not all, of the world's national carriers will have been fully privatized. Competition will be …

…telephone revenues increased steadily from US$ 32.9 billion in 1990, to US$43 billion in 1992 and US$52.8 billion in 1996. A glaring feature of the international telecom market is the growing incidence of alliances, mergers, seen as a move toward consolidation in readiness for the global deregulation. One essential feature of the global strategies of telecom companies is aggressive expansion and entry into new, emerging telecom markets. For emerging markets the industry average net profit margin comes to 10-15%.