Abstract
This paper focusses on the interaction between technology, the business environment, regulation, and society in ICT industries. The role of technological advances in communication (e.g., cellular mobile, 5 G, spectrum allocation) and in computational advances (e.g., cloud, Internet of Things, artificial intelligence) along with developments in the business environment (e.g., disruption, convergence, Industry 4.0) and the regulatory environment (e.g., competition law and market regulation) in the model is explained. The economics of network industries and competition law and strategies such as vertical integration, bundling, and tying are described. The role of regulation and innovation is discussed along with some cases.
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