The opinions expressed in this editorial are those of the author and do not necessarily reflect those of Decima Reports. The telecom meltdown plaguing much of North America should be viewed as a positive development for the industry as a whole. Getting rid of excess within a company makes it leaner and more agile, and better able to respond to rapid changes within the industry. Failing companies give more room for survivors to maneuver. So the massive layoffs and major across-the-board cost cutting measures shouldn’t be construed as weakness in the industry. Look at it as a retrenching of the strong. Even when Canada’s largest phone company announced some belt tightening last year when it laid off 1,900 employees, not all financial analysts were too surprised, or too worried. In the end, BCE has the infrastructure in place to weather economic downturns, and to emerge on the other side all the stronger. There is a plethora of evidence in the telecom industry and particularly in the wireless space that those companies built on solid business plans with a strong management team will survive. BitFlash, with the technology savvy of Antoine Paquin at the helm, just received more than US$15 million in financing. Even Halifax-based mobile payment system developer e-plicity was able to land some money. And these are only a couple of examples of recent venture financing. Expanding beyond financing, companies like 724 Solutions continue to rack up contracts in far-flung parts of the world for mobile banking technology. While the desperate search for additional financing continues, the bar has been raised to such a level that only those with solid business plans supported by an even stronger management team and board of directors will attract the money needed to forge ahead. That should be viewed as the foundation for healthy industry. The evolution of telecommunications competition comes down to simple Darwinism. It will be the strongest that will survive. The hope for competition, of course, will be that the strongest won’t all end up looking like yesterday’s monopolists.