Mobile driving growth in the Philippines
01 January 2010 |
The Philippine telecommunications services market generated $5.6 billion in 2008 and is expected to grow at a CAGR of 4.8% in (5.8% in local currency terms) during the 2008-2013 period, according to Pyramid Research’s Communications Markets in the Philippines report.
Pyramid expects the proliferation of 3G and wireless broadband technologies such as Wimax to boost revenue again in 2010, with the fastest growth coming from VoIP services (32.8% service revenue CAGR between 2008-2013), fixed broadband services (16.2% CAGR) and mobile data (9.6% CAGR).
Philippine mobile subscriber uptake is relatively modest for south east Asian standards, as penetration stood at 75% in late 2008, putting it ahead of neighbouring markets such as Indonesia and Vietnam yet behind Thailand and Malaysia, according to Pyramid Research.
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