Eli Noam, Professor of Finance and Economics, Columbia University, ITU Telecom World 2012

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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.

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