Emerging Economies And The Need For Effective Regulatory Framework

Telecommunications has enjoyed rapid growth following continuous demands for improved services and corresponding technological advancement to meet these demands. The changing environment of the sector, in terms of technological developments and advancement, has significantly increased the complexity and the challenges faced by the industry regulators. Hence, the management of innovation is becoming a strategic issue both for the regulators, operators and the industry as a whole.

The most recent challenge is posed by the fast technological developments, which have resulted in the emergence of new telecommunications technologies and growth markets. New players, mostly medium size companies and enterprises, are leading the way. Vonage, Skype, Facebook, Net2phone etc. are increasing their market shares in the internet telephony market.