The circular economy is an economic model that is based on the principles of recycling and reusing resources. Instead of following the traditional linear model of take-make-use-dispose, the circular economy model aims to keep resources in use for as long as possible by recycling and reusing them. This approach can help companies reduce their reliance on raw materials and reduce their environmental impact.

Now let's apply this concept to the telecom industry. In a traditional telecom company, the focus is on selling new products and services to customers. Once these products and services have been used, they are often disposed of or replaced with newer models. This creates a constant need for new resources and creates a lot of waste.

A circular telecom company, on the other hand, would focus on reusing and recycling existing resources. For example, instead of constantly producing new phones and devices, a circular telecom company could refurbish and resell existing devices. This would not only reduce the amount of waste generated but would also create a new revenue stream for the company.

Another way that circular economy can be applied to the telecom industry is through the use of renewable energy. Telecom companies use a lot of energy to power their networks, data centers, and other facilities. By investing in renewable energy sources such as solar and wind power, telecom companies can reduce their reliance on non-renewable energy sources and reduce their operating costs.

In conclusion, circular economy is an effective strategy for reducing costs and improving sustainability in the telecom industry. By focusing on reusing and recycling resources, as well as investing in renewable energy, telecom companies can create a more sustainable business model that benefits both the company and the environment. As the world becomes more conscious of sustainability, circular economy will become increasingly important for businesses of all kinds.