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Reports have highlighted that the market volumes around the world are expected to rise to 1,180 million (Datamonitor, 2009). It has also been estimated that the voice only transmission segment generates as much as 61% of the overall market value and this amounts to almost $330.9 billion (Datamonitor, 2009). The non voice transmissions segment however generated revenue of about $204.6 billion in 2008 which totals to almost 38.2% of the market aggregate (Datamonitor, 2009).
The history of telephone in Britain dates back to 1877, when telephone first arrived there. Sir William Thomson (later Lord Kelvin) demonstrated the primal telephone invented by Graham Bell to the British Association for the Advancement of Science assembly, which is situated at Glasgow in September 1876, giving its description as "the greatest by far of all the marvels of the electric telegraph" (Gow & Smith, 2006). However, the very first pair of handy telephones happened to be seen in Great Britain only in July 1877. William Preece who was the Chief Electrician of the Post Office brought this pair to UK. Later, after a few months passed, the British Association put the ‘perfected’ type of telephone by Graham Bell on display in a meeting at Plymouth. Finally, later in the year 1878, the British company took up the Bell patent and the Telephone Co. Ltd. was formed. This happens to be the oldest company in Telecommunication history of Europe, which later became well known as BT (British Telecom). Here in, the first telephone line was set up. This was erected starting from Londons Hays Wharf at the south of the Thames stretching up to Hays Wharf Office on the northern side of the river (Connected Earth, 2007). This company later was amalgamated, taken over and eventually the control was transferred to state, under the control of the Post Office. This later became a privatized company, British Telecommunications private limited company; that serves 170 countries as on date (When
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