October 19, 2007

Columbia University - Uris Hall, Room 142

New York, NY

During the historic boom and bust of the telecom and Internet sectors, CITI undertook a comprehensive investigation to determine the causes and announced its findings in 2003 as "Remedies for Telecom Recovery." Each year since, CITI has held an annual "State of Telecom" conference to update facts and analysis.

Today, many would say that the state of telecom is much improved, and point to the recent telecom and tech stock market performance, the continued growth of broadband Internet and the resurgence of dot com entrepreneurs. But, are the positive developments sustainable, or is there a new "bust" over the horizon?

It is useful to compare the US with other countries. The United States led the first telecom and Internet boom, but its role has declined. Can it re-assert leadership in the next stages of wireless and broadband internet development? Similarly, the trends of technology will drive the market structure and applications, and it is important to analyze the next technology push.

To continue the upgrade of infrastructure requires major investments. The expectations and priorities of the financial sector, therefore, are important and are directly related to the profitability and sustainability of multiple infrastructures. Is another over-expansion is in store for the industry, with a subsequent consolidation and reduction in competition? And, what are the implications for public policy, as it tries to support upgrades, competition, ubiquity, and openness, all at some tension with each other?

The State of Telecom - 2007 will examine these and other critical issues.

All conference presentations have been posted below, adjacent to speaker names. To download all of the presentations in a zip file, please click here.


9:00 - 9:30AM Registration
9:30 - 10:00AM The State of Telecom Program

  • CITI's Conclusions from Previous Years - Eli M. Noam, Professor of Finance & Economics, Columbia Business School; Director, CITI - [Presentation]
  • Industry Overview - Robert C. Atkinson, Director of Policy Research, CITI - [Presentation]
  • 10:00AM - 12:00PM The State of Telecom's Fundamentals: Another Boom? Another Bust?

  • Investment and Investor Sentiment - Simon Flannery, Morgan Stanley Research - [Presentation]

  • Commenter:
  • Dan Reingold - Project Director for Telecom Finance, CITI, and former Senior Telecom Analyst at Credit Suisse, Merrill Lynch & Morgan Stanley

  • Coffee Break

  • Regulation and Public Policy - Barbara Cherry, Professor of Telecommunications, Indiana University - [Presentation]

  • Commenter:
  • Bob Rowe - Senior Partner, Balhoff & Rowe, LLC and former Chairman of the Montana PSC, President of NARUC, and Chairman of the NARUC Telecommunications Committee - [Presentation]

  • Technology - David J. Farber, Distinguished Career Professor of Computer Science and Public Policy in the School of Computer Science, Carnegie Mellon University
  • 12:00 - 1:00PM Lunch
    1:15 - 2:00PM Update from Europe

  • Matthias Kurth, President, German Federal Network Agency for Electricity, Gas, Telecommunications, Post and Railway - [Presentation]

  • Commenters:
  • Klaus-Peter Statz, President and CEO, Deutsche Telekom, Inc.
  • Michel Huet, President, France Telecom North America - [Presentation]
  • Lorenzo Pupillo, Executive Director Public and Economic Affairs, Telecom Italia
  • 2:00 - 2:15PM
    Update: State of Telecom in Latin America

  • Raul Katz, Director of Business Strategy Research, CITI - [Presentation]

  • The State of Broadband = The State of Telecom
    2:15 - 3:15PM Are Competing Video-Capable Broadband Infrastructures Economically Sustainable in Most US Markets? How Many Should We Expect: 2.5? 1.5? 3.5?

  • Stagg Newman, Chief Technologist, Frontline Wireless and Principal, Pisgah Comm Consulting - [Presentation]
  • Michael Kende, Principal Consultant, Analysys Consulting - [Presentation]

  • Commenter:
  • Jon De Luca, President and CEO, Fibernet Telecom Group
  • Heather Hudson, Professor of Telecommunication, University of San Francisco - [Presentation]
  • Dennis Weller, Chief Economist, Verizon - [Presentation]
  • 3:15 - 3:30PM Refreshment Break
    3:30 - 4:45PM Is The US "Ahead" or "Behind" Other Countries in Broadband?

  • Kim Andreasson, Senior Editor, Economist Intelligence Unit - [Presentation]
  • Dave Burstein, Editor, DSL Prime - [Presentation]
  • Scott Wallsten, Senior Fellow and Director of Communications Policy Studies, Progress and Freedom Foundation
  • Robert Crandall, Senior Fellow, The Brookings Institution - [Presentation]
  • Daniel Correa, Research Analyst, Information Technology and Innovation Foundation - [Presentation]
  • 4:45 - 5:00PM Conclusions - 2007
    5:00PM Reception


    Corporate rate: $150. Academics, government officials, non-profit attendees: $50. Student registration: $25.

    Register online at

    Students & CITI affiliates please contact John Heywood at 212-854-4222 or to register.

    See for additional information.

    Upcoming CITI/CBS Events

    Future Scenarios for Latin American Communications - October 5, 2007 - Buenos Aires, Argentina

    Digital TV/IPTV - November 2, 2007 - Columbia University

    Ultrabroadband Networks IV - Date TBA - Paris, France