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Started with the smoke signal which was good for only a certain distance the products have evolved to such an extent that now one can communicate with any one around the world using internet and mobile phones. Even though the traditional telephone is the major revenue generator the other technologies and substitues are growing in heaps and bounds. Also with the major companies like AT&T, Telstra, Verizon, Vodafone, BSNL to name a few the competion is cut throat. Also it is physically almost impossible for any new firm to enter the market as it requires a hugh sum of finance and with all these giants in the market to survive would be practically impossible for the new firm...
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