The Great telecom meltdown

Аннотация

The telecommunications industry has a deeply ingrained heritage of monopoly. Not that it always was one, or that it always needed to be one, but for almost a century, monopoly was far more common than competition. And it was the heritage of this monopoly that shaped the industry going in to the boom years of the 1990s. While some competition had begun to take root, it was being introduced sector by sector. Competitive suppliers were dependent on monopolies, and monopolies, to some extent, depended on competitors. So it may be helpful to determine how and why the monopoly came about in the first place.