The impact of the telecommunications industry has only gotten greater in today’s digital and location-independent economy. While the telco industry is undoubtedly vital, it continues to be plagued by numerous problems. Firstly, infrastructure constraints limit it to specific, more urban areas. There’s also a supply concern. As more people demand data and connectivity, telecom companies are struggling to keep up in terms of speed and personalisation services. Unfortunately, not all telco businesses can quickly upgrade their equipment to match these needs, spurring yet another challenge – intense competition. The attempts to keep pace with rivals have resulted in lower margins and financial returns.
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