UK telecoms fighting back the recession

The UKs telecom market has not been unscathed by the global economic downturn, which has pushed the economy into one of the deepest recessions experienced by any European country. Overall revenues in the telecom sector increased by only 0.5% year-on-year in 2008, to about £43 billion, considerably lower than the 4% growth seen in 2007. Competition has continued to drive down the price of overall telecom services by about 6% annually, yet the real economic hardship of many consumers will significantly reduce discretionary spend until at least 2011. The consequent decline in revenue for telcos, together with the still problematic liquidity market, will dampen their ability to fund network investment during the next two years. BT has been an early casualty, having been obliged to scale back its 21CN All-IP implementation.
www.budde.com.au

Category:

Science & Technology

Tags:

• telecoms;
• telecommunications;
• uk;
• Britain;
• England;
• broadband;
• fibre;
• ftth;
• O2;
• BT;
• mobile;
• cellular;
• cellphones;
• revenues;
• subscribers;
• statistics;
• all-ip;
• 21CN;
• fixed
• line;
• digital
• lte;
• virgin
• mobile