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Light Reading's Show Site: Barcelona, Spain  |  February 27 - March 1
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Neil Montefiore, former CEO, MobileOne

Emerging markets & the mobile economy
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February 20, 2009 | Comment (1)
   
  

The mobile sector of the telecom business is "fairly recession proof" says former MobileOne Ltd. (M1) (Singapore: MONE) CEO Neil Montefiore. But the challenge for operators, he says, is to decide whether to upgrade their networks, subsidize handsets, and embrace new technologies like LTE in uncertain economic times.
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BryanP
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Thursday May 7, 2009 5:16:00 AM
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Montefiore’s vibrant and energetic management style was a major factor in the company’s growth but now, in times of economic uncertainty, the appointment of the CFO to the main role may be a prudent move. If thetelco industry follows the trends of the last major industry downturn, then we may see a similar trend in other operators worldwide. Glad that Montefiore had a plan B.Not having a plan B of some sort can have disastrous consequences.  In the middle of a recession, banks are typically a lot stricter with lending.  They feel the pinch as well as everyone else, and they don't have the resources to continue with previous practices.

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Official Mobile World Congress Site: www.mobileworldcongress.com
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