The Broadband Economy: The Emerging Market System in Bandwidth (The Broadband Econom)
|Event Date/Time: Sep 14, 2001|
|Registration Date: Sep 13, 2001|
|Early Registration Date: Sep 07, 2001|
As the ground of telecommunications is changing, so too must its ground rules. The first factor of change has been of telecommunications services and the emergence of competition through the Telecommunications Act of 1996. Though the Act makes no mention of the word “Internet”, the liberalization was intended to speed the deployment of advance telecommunications services. The question remains as to the whether it has achieved this goal. A year ago, the FCC’s Second Broadband Report found that the pace of deployment satisfactory, despite the fact that 90 percent of local phone service is still controlled by ILECs. However, Congress is considering new laws covering the provision of broadband (Tauzin-Dingell and Cannon-Conyers).
Regulation itself is insufficient to insure the flow of capital investment. In light of the recent retrenchment of dotcoms, CLECs, and equipment suppliers, Wall Street has reevaluated its romance with the telecommunications sector. Aggressive competition from cable, satellite, and wireless in broadband services is beginning to create parallel conduits of bandwidth for local access. As production and consumption of bandwidth become more decentralized, fragmented, and unpredictable, a new market system for capacity will thus emerge. Market institutions have been created to establish prices and assure fulfillment between conduit providers, and end users. This transition to a capacity market will therefore be the next step in competition. This conference will address:
· What are the competitive infrastructure options?
· Will bandwidth markets be viable and sustainable?
· Will broadband markets ease the capacity glut?
· Will bandwidth markets change the financial outlook for telecommunications firms?
· Will regulation impede investment?