Telecoms are stuck in business models in which they make money by enabling the actions of others. They are informational and entertainment rentiers. Not quite the same as banks, because they do build out their own networks to make communications possible, but they have a different view of the world. "Invest the money necessary to create and promote content? What, aren't these currency printing presses?" It would take a lot for them to develop the patience and right mind set to build their own audiences.
Telecoms are stuck in business models in which they make money by enabling the actions of others. They are informational and entertainment rentiers. Not quite the same as banks, because they do build out their own networks to make communications possible, but they have a different view of the world. "Invest the money necessary to create and promote content? What, aren't these currency printing presses?" It would take a lot for them to develop the patience and right mind set to build their own audiences.