Telecommunications- the world's biggest network economy

The telecommunications industry is a complex network of machines. The Global Telecommunications network is an incredibly massive one; millions of mobile phones, countless landline connections and many other internet devices are serviced by telecommunication companies which are also serviced by and connected with many other telecommunication companies across the globe.

So how do telecommunications companies make profits out of this complex networks?

Although many technological advances such as mobile phones, internet and text messaging have changed the dynamics of profits in this industry, the biggest revenue generator in the telecommunications world is the old telephone at home.

However, the mobile phone and internet service market is expanding at a much quicker pace than that of stagnated landlines market.

Another great market for telecommunications companies is corporate service. Corporations and businesses require special needs for their communication purposes such as: safer and quicker networks. Because corporate customers tend to care more about the quality of the service than the price, telecommunications companies can establish premium services for the sole goal of serving corporate needs.

It seems that although for the time being landlines create the most chunk of profit for telecommunications companies, that advances in technology and the increasing use of mobile devices will shift the economy of telecommunications into a more competitive and wireless market.