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Telecom showing strong growth in Asia

Thailand, Indonesia, Vietnam, and the Philippines have some of the fastest growing telecommunications industries, according to a new report.

Research and Markets announced on 6 th December 2005 that the telecom industry has turned a corner. Trillions of dollars flowed into the industry a decade ago, only to see it suffer from layoffs, bankruptcies, and accounting scandals. Now, it appears to be bouncing back, according to Telecommunications Equipment Market: Outlook 2006-2012.

North America has the slowest growth rate but the highest services revenue. Europe, the Middle East, and Africa have a slightly higher growth rate due to opportunities in less developed areas, including Eastern Europe.

A combination of middle class expansion and privatization of industries is driving demand and growth in Thailand, Indonesia, Vietnam and the Philippines, according to the report. Wireless services account for much of the business.

Growth, however, is not automatic, even with new subscribers, more traffic, and increasing revenue. Research and Markets states that entry costs and tariffs must continuously be reduced to increase subscriber numbers and minutes of use. Infrastructures that can deliver low-cost coverage more efficiently are critical for driving volume and revenue, according to the report.

Competition is intense among existing providers and new players are entering the market, building their services with the latest technology and vying for an advantage. Prudent and aggressive introduction of business enhancing technology is also needed to ensure current and future competitiveness, especially as future IP-based communications creates the opportunity for much wider competition.

(http://www.cmpnetasia.com)

 
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