Final answer:
The phenomenon of providing multiple types of communication services over the same network is known as converged services or convergence, distinct from product bundling where multiple services are sold as one package. This has become possible with technological advances and increased competition in the telecom sector.
Step-by-step explanation:
The phenomenon of offering multiple types of communications services on the same network is known as converged services or convergence. Convergence allows for services like voice, data, and video to be delivered over a single network platform. This is different, yet related to the concept of product bundling, where companies sell two or more products or services together, often at a discounted price. An example of bundling is when a cable company offers internet, television, and phone services in a combined package. The rise of technological advancements, competition, and the end of monopolies in the telecom industry have made it possible for firms to provide these converged services over the same transmission mechanism, like cellular systems, satellite, or microwave transmissions, leading to better pricing and more innovative offerings for consumers.