Denmark has a variety of free markets. Denmark profits investors by providing an attractive macroeconomic climate and competitive conditions relating to labor costs and taxation. Denmark has a variety of tax advantages for investors, and companies benefit from favorable rules on depreciation, and competitive labor costs because of employer's reduced cost burdens in consideration to labor taxes and social security. The state-owned firms in Denmark hold dominant positions in broadcast media, rail, and energy utility.
Privatization in Denmark is not well listed because no private company has been deliberately nationalized for the last 125 years (Christoffersen & Paldam, 2012) . Four regional phone companies were merged to TDC and then lost their monopoly. The TDC was created is the country's telecommunication provider, and has increased over time to keep a high market share of the market. TDC is currently a private United States company and has been impacted by the increased competition on the market to be under profit squeeze. NITA (National IT and Telecom Agency) provided special regulations to TDC providers after the company was privatized to prevent abuse of the former monopoly that would prevent new competition in the wireless sector. The country's ICT provision was faced by intense competition, and responsiveness to the market needs forcing NITA to close up shops.
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Deregulation in Denmark was experienced in FCC (Federal Communications Commission). The country’s regulators understood the importance of digital technology and implemented innovative applications that would benefit consumers and businesses considerably. Consumers in Denmark now enjoy the highest mobile technology and highest quality broadband globally at affordable prices with little government interventions (Layton, 2017) .
The deregulation of FCC improved the country's economy by expanding broadband and wireless penetration, high-speed internet provision, and effective provider competition. The deregulation made Denmark top the international telecommunication union of global ICT. The Danish government initially had simple telecommunication policy that emphasized interactions between the private and public sectors, and modernized services by digitizing government records becoming a key consumer of ICT services. The deregulation of FCC ensured the ICT sector has a high market share and subsidized prices, and a high degree of consumer switching between plans to get better prices.
References
Christoffersen, H., & Paldam, M. (2012). Privatization in Denmark, 1980-2002. Privatization experiences in the European Union , 117-140.
Layton, R. (2017). Which Open Internet Framework is Best for Mobile App innovation?.
