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December 14, 2006
1 Min Read
1:50 PM -- Here in the West, the telecom world seems to be chugging along quite nicely. Have a look at Ciena's first profitable quarter since 2001.
But look to the emerging markets, and you see a veritable boom. The communications headlines around the world are awe-inspiring in the amount of telecom expansion globally.
The Business Standard of India today reports that India's Communications and IT Minister Dayanidhi Maran expects $2 billion in telecom manufacturing investment to flow into the country in the next year.
The Regulatory Authority of India says the country added a record 6.79 million mobile users during November, India's Financial Express reports.
Brasil Telecom Participações SA (NYSE: BRP) recently announced sequential 11.6% EBITDA growth and 7.2% revenue growth in its third-quarter earnings. Its stock is up 3 percent today, near an all-time high.
For another example, check out the stock chart of Russian mobile provider VimpelCom Ltd. (NYSE: VIP), which recently announced 38 percent year-on-year profit growth.
Soon we will have to stop calling them the emerging markets and refer to them as the emerged markets.
— R. Scott Raynovich, Editor in Chief, Light Reading
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