Global Sound – London, United Kingdom (PRWEB) June 19, 2012
The Wired Telecommunications Carriers industry is suffering from a change in consumer communication preferences. The need to communicate remains an integral part of the everyday lives of households, businesses and government offices. However, the ways in which people communicate are changing, with a preference towards mobile and digital technologies at the expense of traditional wired telecommunications services. According to IBISWorld industry analyst Craig Shulman, in addition to increased substitution threats, technological innovation has facilitated the introduction of new substitute services that are absorbing existing revenue streams of wired telecommunication companies (telcos). Voice over internet protocol (VoIP) is superseding traditional wired voice, and naked DSL allows internet subscribers to avoid fixed access line rental fees.
In 2012-13, industry revenue is forecast to decline by 8.5% to