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.
— R. Scott Raynovich, Editor in Chief, Light Reading