Liberalization in telecommunications

During the past two decades, international trade in telecommunication services has significantly intensified. What is more, an increasing number of telecommunications operators have begun to expand their activities beyond national borders through FDIs, joint ventures, and cooperation agreements. In this paper it is argued, however, that in spite of the rather successful efforts of late to liberalize the telecommunications sector (networks and services) at the regional (EU) and the global (WTO) level, much remains to be done to create and preserve a truly open and competitive worldwide telecommunications market.