Globally telecommunications, has been traditionally controlled by the government, as have been most other infrastructure industries. It is true that in old days, telecom had probably been one of the most regulated industries all over the world. However, over the past decade, there has been an explosive growth in regulatory bodies in core infrastructure industries as telecom aviation, and power throughout the world. ITU reports that there are now over 84 independent1 telecom regulatory agencies in the world as against only 10 before 1990. Regulatory agencies may be defined as entities within the government whose primary function is channelling and directing of economic activities of firms through formulation and enforcement of rules intended to serve public interest.
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