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eBook details

• Title: IRG Telecom, Media, And Technology Weekly Asian Market Review (Industry Overview) (Excerpt)
• Author : JCN Newswires
• Release Date : January 11, 2009
• Genre: Business & Personal Finance,Books,
• Pages : * pages
• Size : 64 KB

Description

Hong Kong, Feb 11, 2009 - (ACN Newswire) - The following is an excerpt from IRG's TMT Weekly Market Review Feb 2 - 8. IRG is a financial advisory and investment firm focused on the core growth sectors in Asia with particular focus on the telecommunications, media and technology (TMT) sectors. - The Asian telecom services market will grow at under 9 percent this year as the sector faces its biggest slump since the tech bubble burst in 2000. IDC expects the Asia-Pacific market (excluding Japan) to reach US$253 billion in 2009, a growth rate of 8.9 percent compared to the double-digit growth rate typical for the sector. The carrier equipment market will grow even more modestly, climbing 3.9 percent to US$52.7 billion. The slumping market will force industry players region-wide to shift focus to the creation of new innovative services. IDC expects carriers to continue to invest in next generation mobile and IP infrastructure.

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