<p>Through the production and distribution of digital content Information and Communications Technology (ICT) is transforming every aspect of our social economic political and cultural lives. Telecommunications (telecom) is the basic infrastructure that makes this possible. Since the invention of the first commercial telegraph in 1837 telecom has seen waves of innovation and technological change. In parallel a regulatory structure for the sector has also evolved. Technological change and innovation alter market relations and market structure; regulation steps in to moderate this effect and propel the market towards a desirable market structure. The interplay of these vectors of technological change (innovation) market and regulation has been intensively studied by several authors. While some authors have seen regulation as responsive to technological change and innovation (Shelanski 2007) (Stone 2015) others have viewed technological change and innovation as endogenous and responsive to market structure price profit earning opportunities and regulatory framework (Antonelli 1995)(Pisjak 1994) and yet others have recognized a complex co-evolutionary relationship between them (Cherry &amp; Bauer 2004) (Lin Lu &amp; Chen 2017). There is general consensus that technological change innovation market structure and regulation impact each other in multiple ways.</p>