The Telecom Industry Evolves: From “Old” and “New”, to App-Focused Telcos Over the past 20 years the telecommunications industry has undergone two fundamental transitions: first, from “old telco” to “new telco” and now, to application-focused telcos. As Martin Fransman, Professor of Economics at the
Arthur Schopenhauer a German Philosopher, wrote an often misstated quotation, “Life swings like a pendulum backward and forward between pain and boredom”. We can apply this quotation in general to technology and specifically to telephony. Telephony technology swings between complacency and advancement. In these
As a result of the Telecommunications Act of 1996, the number of CLECs providing telephone services exploded. A CLEC (competitive exchange carrier) provides telephone services by leasing local loops (phone lines) and interconnecting those local loops to their own or sub-contracted long distance services.