The book presents an updated dialogue between researchers and analysts on policy-relevant telecommunication issues and public and private sector decision makers engaged in making telecommunication policy. It focuses on the two major issues of sectoral convergence - looking at the new challenges to regulation in Europe and at company strategies for alliance and competition at the national and global level - and competition - discussing interconnection of both local/long distance, incumbent/new entrant, and universal service definition in a liberalized framework as well as the new dynamics between network and service competition with special concern on the role played by national telecom operators. Each theme concerns both corporate strategy in the international environment and public policy responses to shifting realities.