In layman’s terms, tier 1 companies are the big guns, and the tier 3 ones are the more modest firms. The size, resources, experience, and of course, money a company has determined the kind of projects they are able to take on, and therefore what ‘tier’ group they fall in to. Basically, the telecom companies are rated according to their capacity to take certain projects. The tier system isn’t a difficult one to wrap your head around – it’s actually quite logical. ICT firms are classified as ‘tier 1’, ‘tier 2’, or ‘tier 3’, and since that doesn’t really give much information away, I thought I will explain what those terms mean.
While these general labels are helpful, the IT and Telecommunication industry has a very specific rating system. For example, small companies often call themselves ‘boutique’, while larger ones make their ‘significant’ size known. Sometimes these labels are official other times they’re just unofficial ways to describe a company’s size and abilities. Every industry has a ‘classification’ or a ‘rating’ system.
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