38 ms·

Amazing what competition does

• gingerlime 6y ago
  It didn't happen with competition alone though. There was competition before in Israel on the telecom market, but prices were very high. Then one of the ministers stepped-in and regulated to make it more consumer-friendly. disclaimer: I'm an ex-Israeli, so my knowledge about it is very limited, and I don't follow Israeli news. But that's broadly my understanding of what happened to drive prices down and improve consumer value. EDIT: found an article from 2014[0] that mentions it [0] https://www.reuters.com/article/israel-telecommunications-reform/israel-shakes-up-telecoms-market-to-lower-prices-for-consumers-idUSL6N0T82MB20141118 https://www.reuters.com/article/israel-telecommunications-re...
• yoavm 6y ago
  Competition didn't do it. For years. Regulation did, and in something like 2 months. The coolest part? All those threats about "companies will leave a highly regulated market" never materialized.
  • yuvalr1 6y ago
    The market was not really competitive because of a very high barrier for entrance (building the communication infrastructure). The regulation forced competition, then the prices fell of their own, when new players joined.