Telecommunications is Dead, Long Live Networking : The Effect of the Information Revolution on the Telecom Industry

The author looks at how the drivers of the information revolution are transforming the structure of the telecommunications industry. The end of natural monopoly, the breakdown of the old pricing mechanisms, the increasing competition from new opera...

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Main Author:	Bond, James
Format:	Viewpoint
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	MONOPOLIES DIGITAL TELECOMMUNICATION SYSTEMS INFORMATION SYSTEMS MARKET COMPETITION TELECOMMUNICATIONS ACCOUNTING ARBITRAGE BENCHMARK BOND MARKETS BROADCASTING CALLS CAPITAL COSTS COMPARATIVE ADVANTAGE CONNECTIVITY CONSUMERS DEBT DIGITAL TV ECONOMIC HISTORY ECONOMIC RENTS INFORMATION SERVICES INNOVATIONS INTERNATIONAL CALLS ISDN LINES MARGINAL COST MICROWAVE LINKS NATURAL MONOPOLY NETWORKS NEW TECHNOLOGIES PRIVATE SECTOR RADIO ROADS SERVICE PROVIDERS SUBSCRIBERS SWITCHING TELECOM TELECOMMUNICATIONS TELECOMMUNICATIONS COMPANIES TELECOMMUNICATIONS OPERATORS TELECOMMUNICATIONS REFORMS TELECOMMUNICATIONS SECTOR TELECOMMUNICATIONS SERVICES TELECONFERENCING TELEGRAPH TELEPHONE TELEPHONE SERVICE TELEPHONES TELEPHONY TRADE BARRIERS TRADE LIBERALIZATION TRANSMISSION TRANSMISSION COSTS VALUE ADDED VALUE ADDED SERVICES WIRES WTO
Online Access:	http://documents.worldbank.org/curated/en/1997/07/441499/telecommunications-dead-long-live-networking-effect-information-revolution-telecom-industry http://hdl.handle.net/10986/11577

id	okr-10986-11577
recordtype	oai_dc
spelling	okr-10986-115772021-04-23T14:02:56Z Telecommunications is Dead, Long Live Networking : The Effect of the Information Revolution on the Telecom Industry Bond, James MONOPOLIES DIGITAL TELECOMMUNICATION SYSTEMS INFORMATION SYSTEMS MARKET COMPETITION TELECOMMUNICATIONS ACCOUNTING ARBITRAGE BENCHMARK BOND MARKETS BROADCASTING CALLS CAPITAL COSTS COMPARATIVE ADVANTAGE CONNECTIVITY CONSUMERS DEBT DIGITAL TV ECONOMIC HISTORY ECONOMIC RENTS INFORMATION SERVICES INNOVATIONS INTERNATIONAL CALLS ISDN LINES MARGINAL COST MICROWAVE LINKS NATURAL MONOPOLY NETWORKS NEW TECHNOLOGIES PRIVATE SECTOR RADIO ROADS SERVICE PROVIDERS SUBSCRIBERS SWITCHING TELECOM TELECOMMUNICATIONS TELECOMMUNICATIONS COMPANIES TELECOMMUNICATIONS OPERATORS TELECOMMUNICATIONS REFORMS TELECOMMUNICATIONS SECTOR TELECOMMUNICATIONS SERVICES TELECONFERENCING TELEGRAPH TELEPHONE TELEPHONE SERVICE TELEPHONES TELEPHONY TRADE BARRIERS TRADE LIBERALIZATION TRANSMISSION TRANSMISSION COSTS VALUE ADDED VALUE ADDED SERVICES WIRES WTO The author looks at how the drivers of the information revolution are transforming the structure of the telecommunications industry. The end of natural monopoly, the breakdown of the old pricing mechanisms, the increasing competition from new operators and new products, and the globalization of the industry are forcing radical change. This spells trouble for incumbent telecommunications operators -most of whose assets are holes in the ground. Many incumbents are responding by forming global alliances. But this trend may have more to do with their desire to recreate in international markets the oligarchies they are used to at home than with the underlying market forces. Where is the industry heading? One view of the future sees transmission capacity and bandwidth becoming tradable commodities, with the industry fragmenting into wholesalers investing in capacity, brokers intermediating supply and demand for capacity, and retailers dealing with the consumer. 2012-08-13T15:26:35Z 2012-08-13T15:26:35Z 1997-07 http://documents.worldbank.org/curated/en/1997/07/441499/telecommunications-dead-long-live-networking-effect-information-revolution-telecom-industry Viewpoint. -- Note no. 119 (July 1997) http://hdl.handle.net/10986/11577 English Viewpoint CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Viewpoint Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	MONOPOLIES DIGITAL TELECOMMUNICATION SYSTEMS INFORMATION SYSTEMS MARKET COMPETITION TELECOMMUNICATIONS ACCOUNTING ARBITRAGE BENCHMARK BOND MARKETS BROADCASTING CALLS CAPITAL COSTS COMPARATIVE ADVANTAGE CONNECTIVITY CONSUMERS DEBT DIGITAL TV ECONOMIC HISTORY ECONOMIC RENTS INFORMATION SERVICES INNOVATIONS INTERNATIONAL CALLS ISDN LINES MARGINAL COST MICROWAVE LINKS NATURAL MONOPOLY NETWORKS NEW TECHNOLOGIES PRIVATE SECTOR RADIO ROADS SERVICE PROVIDERS SUBSCRIBERS SWITCHING TELECOM TELECOMMUNICATIONS TELECOMMUNICATIONS COMPANIES TELECOMMUNICATIONS OPERATORS TELECOMMUNICATIONS REFORMS TELECOMMUNICATIONS SECTOR TELECOMMUNICATIONS SERVICES TELECONFERENCING TELEGRAPH TELEPHONE TELEPHONE SERVICE TELEPHONES TELEPHONY TRADE BARRIERS TRADE LIBERALIZATION TRANSMISSION TRANSMISSION COSTS VALUE ADDED VALUE ADDED SERVICES WIRES WTO
spellingShingle	MONOPOLIES DIGITAL TELECOMMUNICATION SYSTEMS INFORMATION SYSTEMS MARKET COMPETITION TELECOMMUNICATIONS ACCOUNTING ARBITRAGE BENCHMARK BOND MARKETS BROADCASTING CALLS CAPITAL COSTS COMPARATIVE ADVANTAGE CONNECTIVITY CONSUMERS DEBT DIGITAL TV ECONOMIC HISTORY ECONOMIC RENTS INFORMATION SERVICES INNOVATIONS INTERNATIONAL CALLS ISDN LINES MARGINAL COST MICROWAVE LINKS NATURAL MONOPOLY NETWORKS NEW TECHNOLOGIES PRIVATE SECTOR RADIO ROADS SERVICE PROVIDERS SUBSCRIBERS SWITCHING TELECOM TELECOMMUNICATIONS TELECOMMUNICATIONS COMPANIES TELECOMMUNICATIONS OPERATORS TELECOMMUNICATIONS REFORMS TELECOMMUNICATIONS SECTOR TELECOMMUNICATIONS SERVICES TELECONFERENCING TELEGRAPH TELEPHONE TELEPHONE SERVICE TELEPHONES TELEPHONY TRADE BARRIERS TRADE LIBERALIZATION TRANSMISSION TRANSMISSION COSTS VALUE ADDED VALUE ADDED SERVICES WIRES WTO Bond, James Telecommunications is Dead, Long Live Networking : The Effect of the Information Revolution on the Telecom Industry
relation	Viewpoint
description	The author looks at how the drivers of the information revolution are transforming the structure of the telecommunications industry. The end of natural monopoly, the breakdown of the old pricing mechanisms, the increasing competition from new operators and new products, and the globalization of the industry are forcing radical change. This spells trouble for incumbent telecommunications operators -most of whose assets are holes in the ground. Many incumbents are responding by forming global alliances. But this trend may have more to do with their desire to recreate in international markets the oligarchies they are used to at home than with the underlying market forces. Where is the industry heading? One view of the future sees transmission capacity and bandwidth becoming tradable commodities, with the industry fragmenting into wholesalers investing in capacity, brokers intermediating supply and demand for capacity, and retailers dealing with the consumer.
format	Publications & Research :: Viewpoint
author	Bond, James
author_facet	Bond, James
author_sort	Bond, James
title	Telecommunications is Dead, Long Live Networking : The Effect of the Information Revolution on the Telecom Industry
title_short	Telecommunications is Dead, Long Live Networking : The Effect of the Information Revolution on the Telecom Industry
title_full	Telecommunications is Dead, Long Live Networking : The Effect of the Information Revolution on the Telecom Industry
title_fullStr	Telecommunications is Dead, Long Live Networking : The Effect of the Information Revolution on the Telecom Industry
title_full_unstemmed	Telecommunications is Dead, Long Live Networking : The Effect of the Information Revolution on the Telecom Industry
title_sort	telecommunications is dead, long live networking : the effect of the information revolution on the telecom industry
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/1997/07/441499/telecommunications-dead-long-live-networking-effect-information-revolution-telecom-industry http://hdl.handle.net/10986/11577
_version_	1764417237448392704

Telecommunications is Dead, Long Live Networking : The Effect of the Information Revolution on the Telecom Industry

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