Markets vs regulators and the battle to determine market structure: evidence from the UK cable industry

Emerald - 2004
PeterCurwen1
1Peter Curwen is Visiting Professor of Telecommunications at Strathclyde University, Glasgow, UK

Tóm tắt

It is well known that it is difficult to dislodge incumbents if new entrants provide identical services via identical channels. Hence, it was expected that, especially in a broadband world, the main competition for fixed‐wire networks would come from cable operators. The UK was one of the first countries in Europe to develop cable as a practical alternative to fixed‐wire telephony, but in the event not only was the initial structure of the industry seriously flawed but the cost of creating cable networks proved to be a recipe for bankruptcy. However, once restructured post‐bankruptcy, the remaining two cable operators may finally fulfil their destiny.

Từ khóa


Tài liệu tham khảo

Common Market Law Reports (1997), “UK cable TV”, CMLR Antitrust Reports, February, p. 196.

Competition Commission (2000), NTL Incorporated and Cable & Wireless Communications plc, Cm 4666, HMSO, London, March, pp. 65‐182.

(The) Economist (1999), “NTL born killers”, The Economist, 20 November, pp. 104‐5.

Grande, C. (2002a), “Bondholders will emerge with core NTL”, Financial Times, 17 April).

Grande, C. (2002b), “Customers desert bankrupt NTL after cutbacks”, available at: http://news.ft.com (accessed11 June).

Grande, C. (2002c), “Telewest faces confrontation with investors”, Financial Times, 9 June, available at: http://news.ft.com.

Grande, C. (2002d), “Telewest investors challenge Liberty’s”, Financial Times, 11 June, available at: http://news.ft.com.

Harding, J. (2000), “Telewest portrays a return to stability”, Financial Times, 17 November, p. 30.

Kirchgaessner, S. (2003), “Liberty and DT slow Telewest restructuring”, available at: http://news.ft.com (accessed 15 January).

Larsen, P. (2001), “NTL receives $388 million boost from GE Capital”, Financial Times, 29 April, p. 16.

Lex (2001), “Frayed cable”, Financial Times, 21 July.

Lex (2002), “Splitting headaches”, Financial Times, 17 April.

O'Connor, A. (2000a), “Faltering Telewest shares drop 11%”, Financial Times, 4 August, p. 21.

O'Connor, A. (2000b), “Digital TV delays highlight Telewest dilemma”, Financial Times, 4 August, p. 22.

Pesola, M. (2002), “New Telewest boss admits debt swap is likely”, available at: http://ft.news.com (accessed 1 August).

Telewest (2000), Annual Report 2000, Telewest.

Telewest (2001), Annual Report 2001, Telewest.

Telewest (2002), Annual Report 2002, Telewest.

Ward, A. (2001a), “NTL plays down the prospect of Telewest merger”, Financial Times, 26 January, p. 22.

Ward, A. (2001b), “NTL to raise $500 million with convertible notes”, Financial Times, 9 May, p. 30.

WOAC (1995), The Cable TV and Telecom Yearbook 1995, WOAC Communications, Dunstable.

Thông tin
Thông tin xuất bản

Emerald

Thông tin tác giả