t Managing privatizations in the telecommunications sector

Until the 1980s the structure of the telecommunications sector was monopolistic. In almost all developed countries the sector was dominated by a government- owned organization managing the telecommunication network and exclusively providing telecommunication services. However, the rapid growth of telecommunications in the last two decades has led to the need for structural changes. These changes include, among others, the progressive liberalization of the sector, the establishment of a regulatory framework, and the privatization of government-owned telecommunication organizations (PTOs). The aim of this study is to provide a comprehensive review of the existing relevant literature and to estimate the effect of privatization on the corporate governance of telecommunication organizations. Copyright (C) 2009 John Wiley & Sons, Ltd.