With the GFC persisting in North America and Europe – two key global economic engines – the impact continues to be disastrous for the overall global economy. During 2010 to 2012; governments in the West moved from stimulus plans to austerity measures as reduced consumer confidence and sovereign debt crises took their toll. Could ICT/broadband infrastructure be the infrastructure project to lift us out of this crisis? This 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 report is designed to provide current observations which may assist investors, analysts and industry participants in making investment and business decisions.
Despite the fragile economy, in 2012 the telecom industry as a whole remains resilient and continues to grow in terms of Internet users and mobile subscriptions.