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Past, Present and Future of the Telecommunications Industry

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Author Info
Pennings,Jacqueline
Kranenburg,Hans,van
Hagedoorn,John (METEOR)

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Abstract

The telecommunications industry has experienced a series of dramatic changes since itsinception in the 1880s. Due to the latest liberalization and privatization wave in the world, the telecommunications industry has turned into a dynamic environment and is rapidly growing.In addition, the New Economy emerged and brought new technological developments in the1990s. They have stimulated the convergence of previously distinct industries such as thetelecommunications, information technology, entertainment, media, and consumerelectronics, into the so-called multimedia information industry. This study discusses the (de)regulation actions and their implications on the telecommunications industry as of its beginning. Furthermore, this study also presents a general overview of major trends in inter-firm partnerships and M&As in the telecommunications industry since 1985, examining both the general developments and the distribution according to internationalization and industries. We find that the overall trends demonstrated an increase in importance of inter-firm partnerships and M&As over time. Another significant finding is the increase in importance of other industries. In relative terms, the growth of M&As and alliances with partners outside the telecommunications industry superseded the increase in the number of M&A’s and alliances within the industry.

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Publisher Info
Paper provided by Maastricht : METEOR, Maastricht Research School of Economics of Technology and Organization in its series Research Memoranda with number 015.

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Date of creation: 2005
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Handle: RePEc:dgr:umamet:2005015

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Keywords: Strategy

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References listed on IDEAS
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  1. Fink, Carsten & Mattoo, Aaditya & Rathindran, Randeep, 2001. "Liberalizing basic telecommunications : the Asian experience," Policy Research Working Paper Series 2718, The World Bank. [Downloadable!]
  2. Manova, Shalom, et al, 1998. "Mass Market Entry of Wireless Telecommunications," Industrial and Corporate Change, Oxford University Press, vol. 7(4), pages 679-94, December.
  3. Duysters,Geert & Hagedoorn,John, 1997. "Technological convergence in the IT industry : the role of strategic technology alliances and technological competencies," Research Memoranda 010, Maastricht : MERIT, Maastricht Economic Research Institute on Innovation and Technology. [Downloadable!]
    Other versions:
  4. Waverman, Leonard & Reynolds, Clark W., 1990. "Introduction," North American Review of Economics and Finance, Elsevier, vol. 1(2), pages 181-186. [Downloadable!] (restricted)
  5. Capron, Laurence & Mitchell, Will, 1998. "The Role of Acquisitions in Reshaping Business Capabilities in the International Telecommunications Industry," Industrial and Corporate Change, Oxford University Press, vol. 7(4), pages 715-30, December.
  6. Fink, Carsten & Mattoo, Aaditya & Rathindran, Randeep, 2003. "An assessment of telecommunications reform in developing countries," Information Economics and Policy, Elsevier, vol. 15(4), pages 443-466, December. [Downloadable!] (restricted)
    Other versions:
  7. Chacko, Mani & Mitchell, Will, 1998. "Growth Incentives to Invest in a Network Externality Environment," Industrial and Corporate Change, Oxford University Press, vol. 7(4), pages 731-44, December.
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