Wolter Lemstra is Senior Research Fellow in the Department of Technology, Policy and Management at the Delft University of Technology (TUDelft) and Senior Lecturer at the Strategy Academy, The Netherlands. He has twenty-five years of experience in the telecom sector, at Philips, AT&T and Lucent Technologies. Vic Hayes is Senior Research Fellow in the Department of Technology, Policy and Management at the Delft University of Technology (TUDelft), The Netherlands. He is the recipient of eight awards, including The Economist Innovation Award 2004, the Dutch Vosko Trophy, the IEEE Hans Karlsson Award, and the IEEE Steinmetz Award. John Groenewegen is Professor of the Economics of Infrastructures at the Delft University of Technology (TUDelft), The Netherlands. He is also a research fellow at the Tinbergen Institute (TI) in the Rotterdam School of Economics, Erasmus University Rotterdam.