Now you ask where the telecom business headed over the next decade? Banks will come to be telephone companies and SK telecom will change into banks.Biometrics fingerprint technology will grant huge cellphone payments. Numerous telecom publication rack going to need to restructure their outsourcing and off-shoring strategies as a consequence of rapid wage inflation, which is extracting cost differences, and making outsourcing less economically viable.During the last 3 decades, the invention of optical fibre, cellular radio and digital switching has modernized the telecom business. Telecom providers face unparalleled change as value continues to get off traditional services as a result of technology and regulatory drivers.The tactical question facing telecom businesses is, whether their capabilities inside their current markets give them an improvement over current incumbents and new market competitors on television and entertainment, also it agencies. Consistent competitive advantage depends on light beer telecom providers to set up their own personal capabilities, specifically their strategic assets in fixed voice, broadband and mobile networks and also customer relationships and insights.Technological changes are allowing Skype, Google, Microsoft, Facebook and MySpace, to weaken the career of traditional providers and detain a significant share of incremental communication revenues. These providers attribute disruptive internet-based business models along with a various set of communications tools and applications, arraying from instant messaging and e-mail to social media. These changes challenge the customary telecom enterprize model.A mainstream of telecom executives consider that the alteration from the business structure within the next five years is going to be decisive strategic priority inside their quest for new causes of value. Following a century of leading the mix, telecom executives anticipate to expand their revenue sources, shifting from an overdependence on “voice” into a massive amount services like convergent “voice and content” and advertising. Telecom executives would like to achieve these objectives in a number of ways, including stepping into neighbouring consumer markets of media and enterprise IT Services. In addition they know the worth of family interaction more extensively, with external partners for cost efficiencies, to attenuate probability of technology obsolescence and improve business receptiveness and agility to generate a powerful telecom enterprize model.Technologies are almost certainly they are driving the industry in the next 5yrs, like nanotech and mesh networking that could customize the complete cost structure of networks and hardware. Other major progress of existing technologies are optical Ethernet and Wi-Fi. These technologies also have serious disruptive potential. UWB and Powerline also possess large amount of risk of improvement to bring revolution in telecom business. Several of these will be in early stage of R&D. Yet, we are able to truly assess, how these will impact the way operators construct networks and deliver price services. It can be unpredictability this is the central challenge of telecommunications.