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Archive for May, 2010

Telecommunication News and Trends

Sunday, May 23rd, 2010

Companies all over the world must communicate with each other on a daily basis and there are always newer and better ways to accomplish this goal. To lose a potential business partner or customers because of a lack of the latest business telecom solutions being used by other major corporations can be one of the most detrimental things a business can face.

Staying in the know about the most current telecommunication news and trends is actually easier than it sounds. With minimal time and effort, you can ensure that your company is not behind the times, or unable to deal with other companies via online voice telephony, video conferencing, or any newly developed method of communication.

Some of the best ways to stay in touch with the telecommunications industry are simple steps that can lead to success. As an example, look at the websites of major telecommunications companies, as they often list their latest projects there. Another easy way to keep up with the industry is to read news about telecom companies from a third-party source. Finally, follow the latest trends of well publicized mergers and acquisitions, which are constantly changing the competitive landscape of the industry.

Several major factors creating changes in the industry include budgetary pressure due to the global recession, a shift in residential and personal use from wired services to wireless, competition between cable and wired service providers, and rapid advances in Internet and wireless technologies. In addition, government regulations are evolving quickly, which will bring even bigger changes to business strategies and solutions. The bottom line is the telecommunications industry was a $3.7 trillion sector in 2009, and as changes continue, it shows no sign of slowing down.