I love the telecommunications industry. It is one of the only industries that fosters entrepreneurship. It thrives in emerging markets and is only limited by creativity and imagination. The telecom industry’s stocks have continued to do well despite the economic woes. It is a gladiator market full of corporate giants that influence public policy, market trends and keeps FCC lawyers busy, busy, busy…
According to the Wall Street Journal, VP of Sprint, Anna Gomez was named Deputy Director of the National Telecommunications and Information Administration on Feb. 3. (click here for the full article) After that announcement, according to Maisie Ramsay, author of Wireless Weekly, “Telecom-related programs will get $7.2 billion under the economic stimulus bill set for President Barack Obama’s signature today, with $6.39 billion of those funds targeted at promoting broadband access in rural areas with little to no broadband access.”(Click here for the full article)
This is a clear “RED FLAG” that there is an opportunity here. I am always on the look out to develop new businesses but this may be a great challenge to identify a sound business model that can be deployed and compete with other wireless leaders. OK, it's time to stop writing, roll up my sleeves, and do some research. I will keep you posted on any new developments - so stay tuned for my next posting. As always, I welcome your feedback.
Keep Achieving
NaShawn
