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Article: European telecom companies extending their reach.
- Article from:
- Europe
- Article date:
- October 1, 1998
- Author:
CopyrightCOPYRIGHT 1998 Delegation of the European Commission. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Europe's telecommunications companies are locked in a life or death struggle to survive political, economic, and technological revolutions that are changing the face of the $200 billion a year business.
The state telecom companies that have dominated the since the invention of the telephone are being privatized and stripped of their lucrative monopolies just as nimble newcomers move into their home markets. The final stage of European telecommunications deregulation, which took effect in January, triggered a competitive war that has caught the industry off balance.
Meanwhile, Europe is making every effort to prevent the huge US telecom industry from ...