Just how technology has changed international telecom trading markets

The developments in mobile technology have drastically altered the telecom marketplace, but the business has made the most of it.


Telecommunications have changed substantially through the 21st century with the introduction of wireless connections. The increasing ease with which individuals can contact each other, via text, video call or on mobiles, means telecom phone service companies have had to adapt to the evolving sector. By embracing the changes in telecom communications, BT board members have repositioned the company in the direction of development, instead of focusing on older approaches, as they previously centered on landline services. Through the creation of wireless communications, most individuals now have at least one mobile, and numerous have a landline too. The increase in equipment and their use will obviously maximise the revenue firms receive. By 2016 about 62% of the world’s inhabitants owned a mobile phone, so it is obviously a hugely lucrative sector, which likewise explains why there has been an increase in telecom service providers.

The development in demand in telecoms suggests providers have had to enhance their telecom IT infrastructure in order to manage the additional pressure. To do this there have been increases in phone masts, and more reliable systems implemented. With the Telecom Italia board approving a division which operates 11,5oo wireless towers, it demonstrates the size and scale of the challenge at hand for any telecom phone company. By raising the number of wireless towers, suppliers develop their services and as a result will draw in even greater numbers, thereby enhancing their market share. As market share expands, telecom companies can improve their provider as a result of increased revenue. This growth has been conceivable due to companies embracing and leading the changes in technology, instead of getting left behind. By focusing considerable funds on research and development, specifically in mobile systems rather than wired, communication corporations have met the needs of their consumers.

The nature of mobile network providers suggests the broader a company’s span, the better, as consumers will enjoy improved coverage over a greater area. Due to this factor, regions or countries have just a few providers so they can provide excellent service for their clients; if there are too many companies it will become diluted and service quality may drop. To help provide the best possible service, providers have telecom websites, so customers have an extra point of contact with their supplier. Further embracing of significant changes to technology has enabled the growth and further improvement of telecom services. An additional advantage of the advancement in services and technology for comms providers, is the numerous telecom jobs created. The types of jobs created by telecoms are varied, so both specialist and inexperienced workers could find employment at a telecom firm. A single telecom firm can employ a vast number of people, withVerizon Communications' board of directors having some 140,000 individuals under their

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