In 2013 it has now been around five years since the Global Financial Crisis (GFC) occurred and there is much speculation about its future. With financial uncertainty persisting in North America and Europe – two key global economic engines – the impact continues to be disastrous for the overall global economy. In 2013 the spotlight has also turned on China with it’s slower than expected growth and significant debt.
While the telecommunications industry has certainly slowed; as a whole it remains resilient with a focus on investments in fixed and mobile broadband. This highlights the importance of telecoms infrastructure on the world today and recognises that it under-pins most significant industries and in turn – the economy. Could in fact ICT/broadband infrastructure be the infrastructure project to lift us out of this crisis?
This BuddeComm Intelligence Report explores the impact the economic crisis is having on the telecoms industry and examines telecoms in the context of its importance to a global recovery.
The GFC is fundamentally changing the economic environment that we have been enjoying for the last 50 years. While it is anybody’s guess what will happen in Europe, the outcome there will change the finance world forever. Telecommunications and the internet are a key consideration in decision making as they are now pervasive vital service platforms, underpinning much of the international trade and global financial systems, besides the global personal communications industry.