TELECOMMUNICATION
Telecommunications is among the sectors that are constantly rising with its steadily growing business volume. Business volume of more than two trillion dollars in the world is among the areas where most investment is made. The telecommunication sector, which eliminates the borders and creates a great dynamic in economic indicators. When the indicators in Europe are examined, Turkey has a second market share right after Germany. The importance of innovation efforts for telecommunications technologies and services that are constantly evolving is great.
The free economy emerging with the development of the sector is a major milestone. Due to the global regulations and the growth of the market, some legal regulations are expected to be implemented in the local market.
Telecommunications Sector in The World
Telecommunications investments need high capital start – ups. They are longer-term investments compared to other sectors with recycling time. For this reason, many countries in the world is performing investments in the telecommunications sector itself. It also offers its own monopoly.
The OECD, the IMF and the WTO, which defend the most monopolization and reduce the liberalization, international organizations are becoming conscious of this issue. Telecommunication is a part of free circulation. In this context, many countries are keeping up with the legislation and practices.
When we examine developed countries such as Australia, USA, Canada, Japan, Korea, Mexico, Switzerland and Norway, we know that there is liberalization but there is a restriction on foreign capital.
In Austria, Belgium, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Luxembourg and the UK, there are no foreign capital criteria.
In some countries, the application reveals different data by making it seem that the restriction has actually been made. Denmark, Finland, Germany, Italy and Luxembourg hold the public share ratio for telecommunications, even if there is no legal restriction.