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All of this meant that BT had very little competition from potential entrants and had huge supplier power over any new competitors
OfTEL was formed in1984 to help control the monopoly situation and has previously been renamed to OfCOM in December 2003, this move in itself echoes the level that convergence has changed the industry as it shows that minutes (Traditional POTS) was no longer the core element of the industry and that other communication methods were now overtaking and the industry is moving to a commodity based model. The industry has moved to an oligopoly where the few remaining companies also have some control of the local loop previously controlled by BT
Below is a STEP (Fahey and Narayanan 1986, pp...
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