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"We are so used to being almost permanently online that we don't really appreciate what we have and do not really know what to do when we're not," Joni Mitchell wrote in her 1970s song "Big Yellow Taxi."
Well, telecom companies "provided the services and products that we have gotten to regard as a basic need: connection," writesjoerd Rozing in an article for the Guardian.
And it's telecom companies that provide that basic service.
In fact, Rozing writes, telecom companies "primarily contribute to the societal transition by facilitating access to key products, services, and markets that broaden opportunities for marginalised groups and individuals to participate in cultural, political, and social spaces."
Examples include providing access to broadband Internet, mobile phones, TV, and so on, as well as "material improvement in their personal financial situation, which enhances their possibilities to participate, when people upgrade from a 3G phone to a very affordable 4G smartphone, as research from Safaricom shows."
In fact, telecom companies "represent one of the least diverse sectors to work in" in emerging markets, but in developed markets, "they are therefore more stable and predictable, as they generate most of their revenues from subscriptions."
They also tend to offer an attractive dividend
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
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Kinara Capital, an Indian startup that offers short-term, unsecured loans to small and medium businesses, has just received $24.4 million in debt funding, the Times of India reports. The funding...more
Foundation: Kellogg Foundation
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When it comes to environmental, social, and governance (ESG) issues, many investors are looking to invest in companies that have a positive social or environmental impact. But when it comes to...more
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"Take a jigsaw puzzle of our planet, an amazing planet, and you'll have amazing pieces to fit there. Rivers, oceans, land, people, 8 million species, and they all exist in perfect harmony," says...more
Craig Lewis used to be a pro basketball player. Now he's a tech entrepreneur. Lewis founded Gig Wage, a company that helps workers earn extra money by using facial recognition technology, and...more
There's a huge market for solar power in India, and it's thanks in large part to government incentives, reports the Wall Street Journal. In fact, the country had just one megawatt-hour of solar...more
Social Entrepreneurship
Spotlight
Influencing Social Good Through Retail
When Hannah Davis traveled to China to teach English, she noticed how Chinese workers and farmers were often sporting olive green army-style shoes. Those shoes served as her inspiration to create her own social enterprise, Bangs Shoes.
