From national monopoly to multinational corporation: How regulation shaped the road towards telecommunications internationalisationJudith Clifton, Francisco Comín, Daniel Díaz-Fuentes
- Business History, August 2011, Taylor & Francis
- DOI: 10.1080/00076791.2011.599588
How former State Owned Telcoms Enterprises emerged as Multinational Corporations
What is it about?
For decades, telecoms were organized as State Owned Enterprises in most countries. Privatization and liberalization gave way to their internationalization, and emergence as Multinational Corporations. But whilst some went international, others remained national. Why? This article explains the different paths taken by British BT and Spanish Telefónica.
Why is it important?
This paper deploys business history and economic history techniques to determine why Telefonica became one of the world´s largest telcoms Multinationals, whilst BT behaved more conservatively, seeking only global alliances, many of which failed.
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