Originally Posted by
Nasi Goreng
I would base my theory on technology. For example, there are now 1 billion users of Facebook Messenger who are able to make their own private calls without the need of a telephone company.
The big tailwind for telcoms has been the rise of the smart phone and people have needed to buy data plans which are of more value now than free calls. I just think 5-10 years from now, technology will change so fast that we may eventually be able to get by without phone companies at all, some say we may eventually get rid of telephone numbers all together - imagine that! We would need more free wifi zones to enable this but its not inconceivable to imagine it happening.
So maybe my somewhat limited vision can't see too far into the past but its not really the past investors need to worry about is it? Happy to be contrarian.