Comment by miki123211

Same with telecom companies.

We don't really have the demand for as many telecom companies as actually exist in the world. There's a reason we just have one Whatsapp and one Instagram, not three or four almost-but-not-quite clones in every single country that mostly differ in branding. The reason for the current situation has mostly to do with regulation and traditional, enterprise, "obviously every country needs a separate local branch, because that's what mcDonalds does" thinking. Technology has very little to do with it.

This is why the telecom world now consist of equipment manufacturers, who do most of the hard tech stuff, and actual telecom companies, who operate the equipment, rig towers in their local country, and maybe write some glue code to integrate a core from vendor A, a billing system from vendor B and a CRM / corporate invoicing system from government-approved local vendor C.

Banking also works similarly, though modern Neobanks / Fintechs and bank consolidation are slowly dissolving the concept of national bank branches.