One of the key messages coming our of the GSMA conference in Barcelona was that mobile telecom is an engine for growth and will get the global economy out of recession. One of my European colleagues commented that he thought that what was amazing hat telco’s like Deutsche Telekom and Telstra promote their value to society by mentioning how much money the extract from society. Telstra actually were happy to announce that their share of GDP had grown. However, when questioned on this they failed to mention whether they had delivered anything more for the privilege. Both DT and Telstra are amongst the last remaining fully vertical integrated monopolies in the world.
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