Telecom business today

What is the telecom business today?

I am sad to see that in today's market so many good companies are going out of business.

This is cause by many reasons, but the most common is that buyers do not pay on time or do not pay at all what they owe.

Of course is as well other reasons, like bad management, Lack of funds, Bad accounting and of course FRAUD!

 

The Telecom industry today has become hazardous, stressful and hard.

Too many companies have come and created Asterisk based switches at a very low price, so many can come in ties industry and operate as carriers.

Many of this supposes carriers are not even license and if they are licensed then they hide in countries that are problematic to collect money or that becomes prohibitive due to the attorney fees.

So what do we do? A few years ago, a person that taught was very smart created what we call the bilateral agreement?  My first question was "What the hell is that"?

Bilateral agreements do not guaranty any payment, so what are you thinking?

What is then the purpose of a Bilateral agreement, depending who offers the contract now you are constraints to their own in country laws. 

That means that now you need to travel to their country to try to get paid, well good luck with that, unless you have a healthy cash flow.

Bilateral agreements are not necessary, as good carriers will always work with you even if you both sign the contract of the other party still a bilateral agreement.

 

Now what the HELL is this new thing called Offsetting traffic?   I see some carriers that are owed money and want to clear that money asking others to terminate the traffic for them as a trade for another carrier owing them money

They call it Offsetting traffic Are you all Nuts?  First of all is illegal and why would even ask somebody to do so?

Why anybody in their right mind would offset traffic with a company they may not know, and if they do and they have not paid you, why would they pay somebody else?
Makes no sense at all!

In any case, that is what I think on these subjects.

I wish you all good luck and stay safe.