The paper examines restructuring cycles among diversified major telecom operators from two different perspectives, the governance deficiency perspective of agency theory and the governance efficiency perspective of transaction cost economics, the former being less consistent with the spirit of...

This paper describes and analyzes critical conditions for achieving net benefit from opening the value-chain in mobile communications by introducing mobile virtual network operators (MVNOs) in the Scandinavian and British markets. MVNOs are radio-less network operators that outsource the radio...