The telecommunications industry has been among the best performing industries in the world in recent years. Telecom companies face a unique set of challenges that stem from technology trends and customer demands. The convergence of applications, networks or content in this new-age information super highway has become the next path-breaking move in core mass-market technology providing single connectivity and integrated user experience.
In the modern world you can compare the Telecommunications Industry to be of same significance as the central nervous system has with respect to human body. Telecom industry is made up of a complex set of sectors and subsectors and has variety of stakeholders. Telecom industry builds, maintains, and operates telecommunication networks which enable one of the most essential services to humans and organizations globally, ability to communicate intra and cross borders.
This section on Telecom Sector is designed to help learners have an overview and understand key concepts, terminology and glossary, issues and challenges, associated with the telecommunications industry, and what strategies gets employed to meet some of those challenges. We will discuss the main sectors of the Telecommunications Industry and will focus on some of its critical business drivers. We will also understand the key aspects of the industry’s business model, its competitive environment and the current trends.