The current leaders of the telecommunications industry specifically of the domestic sector are AT&T Inc. Verizon Communications Inc. Com and BCE, Inc. Common Stock . This three companies emerged in the telecom industry in the 80s and since then they have been rising as the industry was evolving. Eventhough their market is focuse in the US, in their years of existance their names have been well known all around the world. This companies have also changed the landscape of telecom in many diferent ways; One of the reasons why they have become some big is that they have been buying out other companies for example Cellular One and Centennial Communications. Everytime one of this acquisitions take place they create different impacts on the industry’s stocks, products and prices in general.
Today everyone has a cellphone or/and broadband and to give support to the millions of costumers there are, there is a huge labor force needed. The telecom industry has a considerable amount of the overall number of jobs offered every year. AT&T, one of the biggest companies of the industry currently has around 200,000 employees, so it is clear that telecommunications factor that affects the whole economy. Thousands are hired each year to do this jobs in the different sections of the industry such as retailing, engeneering, call centers, IT, technicias, business sales, corporate support, etc.
References:
- http://biz.yahoo.com/ic/ll/844mkt.html
-http://www.att.jobs/career-area/home
Claudio Lacayo
There is no doubt that the telecommnucations industry is an enormous force in the economy today. According to bls.gov, the telecommunications industry provided 1 million wage and salary jobs in 2008. Although there are many telecommunications jobs, employment is expected to decline by 9% between 2008-2018. This is due to the increased productivity that comes with technology. Also, with techonology becoming more reliable, less workers will be needed to work in repairs. This, personally, is opposite of what I thought, but it does make sense. As technology becomes more advanced, humans will simmply be needed less.
ReplyDeleteVerizon and AT&T are very big companies in the united states. The US has a big affect on the worlds industry. Since Verizon and AT&T are big in the telecom industry in the United States, i am very sure it is very big in the world. And has a very big effect worldwide. I also think its always a good idea for companies to compete in most industries. For example, in Saudi Arabia there was a company named "STC" who was there for more than ten years. It was the only telecom company in the saudi industry. It was monopoly for a while. A couple years ago, another company came named "mobily" which made the Saudi telecom industry so different. After that came another company started named "zain". When all these companies came to the telecom industry, there was a lot of competition. And it was so much better for the Saudi telecom industry to have companies competing with each other. Rather than one company dominating the whole industry.
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