The Broadband Economy: The Emerging Market System in Bandwidth (The Broadband Econom)

Venue: Shapiro Hall, Columbia University

Location: New York, New York, United States

Event Date/Time: Sep 14, 2001
Registration Date: Sep 13, 2001
Early Registration Date: Sep 07, 2001
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Description

Bandwidth has become the new capital of the information economy, and the ways it will be produced, traded, and consumed is changing the nature of its provision. In the past, telecommunications bandwidth was a relatively static resource. It was centrally planned and controlled by dominant telecommunications operators. Consumers were largely unaware of performance and indifferent to price. Today, spurred by the allure of competition, a deepening of capacity has been the focus. Consumers cannot seem to get enough local capacity – either DSL or cable modem, and yet industry analysts are predicting a gross over supply in the backbone.

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?

Venue

3022 Broadway
New York
New York
United States
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Additional Information

A detailed outline of this conference and online registration is available at www.citi.columbia.edu. Please contact Robert Russell at events@vii.org or (212) 854-4222 with any questions.