Diversification into less developed countries
The dynamism of the world's telecommunications markets creates opportunities for a new range of entrepreneurial skills. There seems little doubt that in all countries men and women will readily be found to take them up, practical people as well as those looking to far horizons. Explorers and people of vision have an essential role but, on a company board, their advice has to be accepted within the limits of what is financially prudent. Realism requires a proper appreciation of what is difficult. Developed and underdeveloped countries have different perspectives on their problems, but the nature of the business is the same. Telecommunications services are potentially profitable at all stages of economic development. It takes a wilful act of politics to drive them into loss, although some governments have managed to achieve it through tough price controls.
Diversification into less developed countries, Page 1 of 2
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