The dot-com bubble is associated with internet stocks, but it could equally have been called the telecom bubble. Some $2 trillion was wiped off technology stocks afterwards, which is about half of the total. Telecoms was the sexiest industry of the time. Telecom companies were expected to be the gatekeepers to the information age. Before the bubble burst, telcos raised $2.2 trillion from investors, and invested it in deep sea cables and other infrastructure. 22 years later, things have not turned out the way 1990s telecoms investors expected. Telecom companies are not the gatekeepers to the Internet. They are a…

Join The Currency

INTRODUCTORY OFFER: Full annual membership for just €200.

Don’t miss out on what is going on with our daily unique stories from our team of skilled journalists and insightful commentators.

Members of The Currency get full access to over 4,000 exclusive interviews, investigations, and analysis, plus over 460 podcasts.

Annual membership is just €200 for the first year, a saving of €100.

Or try The Currency for the first month for a special introductory rate of €5, a saving of €20.

Cancel at any time.

To become a member today click here.