The following video is part of our "Motley Fool Conversations" series, in which Andrew Tonner, technology editor and analyst, and Austin Smith, consumer-goods editor and analyst, discuss topics around the investing world.

In today's edition, they discuss how 2011 saw a number of high-profile storylines emerge in the telecom space. From game-changing mergers to possible bankruptcies, investors in this space had plenty to digest over the last year. Andrew talks about the companies that made themselves stronger and the companies that fell behind over the past year.

Andrew Tonner and Austin Smith own no shares of the companies mentioned here. The Motley Fool owns, and Motley Fool newsletter services recommend, Apple and Google. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.