A few years ago discussions at ITU events essentially had the flavour of ‘If we have competition all problems will be solved; investment will flow; competition will lower things’. Now we’re observing things are a bit more complicated. The structure, the high investment needs, the low marginal costs lead essentially not to competitive environments but oligopolistic environments.
Eli Noam, Professor of Finance and Economics, Columbia University, ITU Telecom World 2012
