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Capturing value in a new 2,7 trillion dollar market: a conversation between Gilles Négrel and Guillaume Villon de Benveniste

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Telecommunications companies have seen their business model undermined. And yet, they have the opportunity to make the most of a new and promising market: the Internet of Things. McKinsey expects the Internet of Things to create 2,7 trillion dollars in value by 2025.

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Disruptive innovations are undermining the business model of Telecommunications companies, according to Gilles Négrel

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Let’s paint a picture of how large players in telecommunications used to make their money 20 years ago. Large Telecommunications companies like France Telecom, Telecom Italia, Vodafone, AT&T and Deutsche Telekom among others, would secure their revenue based on a fee for a communication, according to Gilles.