Privatization and the sources of performance improvement in the global telecommunications industry

Bernardo Bortolotti, Juliet D'Souza, Marcella Fantini and William L. Megginson

Telecommunications Policy, vol. 26, issue 5-6, 243-268

Abstract: This paper examines the financial and operating performance of 31 national telecommunication companies in 25 countries that were fully or partially privatized through public share offering. Using conventional pre- versus post-privatization comparisons and panel data estimation techniques, we find that the financial and operating performance of telecommunications companies improves significantly after privatization, but that a sizable fraction of the observed improvement results from regulatory changes--alone or in combination with major ownership changes--rather than from privatization alone.

Keywords: Privatization; Telecommunications; Regulation (search for similar items in EconPapers)
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