Telecommunications Industry
Introduction The telecommunications industry provides a wide range of services such as cellular, paging, Internet, cable, voice and data communications, local and long-distance services. Telecommunications industry revenues have grown at an average of 9% over the past 5 years. Sales in 2005 exceeded $430 billion and are expected to continually rise. The top competitors in this growing industry are AT&T, Sprint and MCI WorldCom. As reported by the Federal Communications Commission (FCC) in 2005, AT&T holds a majority of the long-distance market share with 47%, while MCI WorldCom contains 25%. In addition, Sprint holds 10% of the market with the remaining 18% belonging to other smaller companies. Below is a brief look at 2 companies within the Telecommunications Industry. We will briefly discuss the two companies while touching on their mission statements, our grading system for each mission, external and internal environments, international presence and strategic alliances. A mission statement specifies the business in which the firm intends to compete and the customers it intend to serve. The mission statement should address three key areas; the capital market shareholders, the product market shareholders, and the organizational shareholders.