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Essay text:
The telecoms sector is changing rapidly as it moves from historical business models based on the delivery of voice calls over switched-circuit networks to business models based on the delivery of data over internet protocol networks.
2. These changes bring uncertainty as well as opportunity, particularly for investors; yet companies have a limited opportunity in time to make the significant, long-term commercial decisions required if they are to remain competitive in the future.
3. The UK telecoms market offers choice and value to the end user in a number of areas, yet despite twenty years of regulatory intervention, competition in fixed line telecoms remains fragile...
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