While it seems like telcos are beginning to recognize what's happening in the world out there, it's still interesting to see a telco CEO so clearly recognize the need to cannibalize its own best businesses. Instead, we often hear how telcos are trying to slow down progress rather than push it forward. However, Bell Canada's CEO seems to be saying all the right things concerning the changing nature of the industry: "Are we going to be a player in VoIP? Absolutely. Are we going to be prepared to disrupt our own business? Absolutely, Why? Because if not, somebody else will." Later on, when talking about partnering with Virgin Mobile to create an MVNO (something some are afraid will put them in a position of competing with Virgin Mobile) he points out: "Are we going to sit like King Canute and try to roll back the waves? Or are we going to say: 'This is the way the world's going to be so let's get used to it'?" Clearly, he realizes that Virgin Mobile is going to compete with Bell Canada one way or the other -- and Bell Canada might as well benefit from getting some money out of the customers Virgin Mobile can score. Of course, saying all the right things and actually implementing them are two separate things -- but without the right vision, it's pretty tough to get anywhere. So, at the very least, this is a good first step.
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