Telecommunication Companies in US Submitted by: XXXXXXXX Number: XXXXXXX of XXXXXXX XXXXXXX XXXXXX Tutor’s Name: XXXXXXX
Date of Submission: XX – XX – 2010
Overview of Telecommunication Industry:
The US telecom industry has been noting intense growth and high levels of increase in revenues over the years. This assignment aims at discussing the telecom industry as a whole for the global markets. A focus will also be made on the US telecom industry and the AT&T Company. The paper will provide the history of the markets as well as the market share and other aspects of the market presence as well. The telecommunication industry is one of the most profitable ones worldwide. The industry has seen immense changes and as a result the industry is becoming a booming one worldwide. According to the Economy Watch, the world telecommunications markets is expected to see a rise of almost 11% compound annual growth rate by the end of 2010 (Economy Watch, 2010). The industry is built with a number of leading companies, like AT& T, British Telecom, Virgen, Frontier, Xholdings and many more. The next section will deal with the US telecommunication industry and will provide some important statistics that relate to the industry in the United States. Also this will be followed by a focus on the largest telecommunication company in the market, i.e. AT&T.
US Telecommunication Industry:
A report by the TIA highlights that the US telecom Industry has seen an intense growth of almost 7.2% for the period of 2008 – 2011 and the industry us expected to reach as much as $1.3 trillion in 2011. There has been a major acceleration in the growth of the US telecommunication industry and the industry has been studied to grow from 8.3% in 2007 to 9.3% in 2008 (IT Facts. 2008). Gartner researches highlights that the communication industry has spent as much as $347.5 billion in the year 2008 on the IT systems which include the hardware, IT services, software and also the telecommunications. The report also states that