PRZOOM - /newswire/ -
Delhi, New Delhi, India, 2007/03/01 - With foreign players gaining entry in to the country, Chinese telecom sector is set to grow exponentially in the years to come.
Telecom subscribers in China are enjoying better communication services as the telecom industry has opened the windows of opportunity for foreign players to break the monopoly in this sector. The telecom industry in China sustained a positive development during 2006, the information and electronics industries together accounted for nearly 7% of Chinese economy.
Representing a YOY growth of 7.5%, the fixed asset investment in China’s telecom sector touched the mark of 218.69 Billion Yuan (i.e. US$ 28 Billion) in the year 2006, as per the Information Industry Ministry.
The telecom sector, comprising fixed line phone links, Internet services, mobile phone connections, raked in 648 Billion Yuan (i.e. US$ 83 Billion) in revenues. That was an up of 12%, added the sources. In the year 2006, mobile subscribers’ number in China touched 461 Million, 68 Million up from previous year (2005). In 2006, there were about 368 Million fixed line phone users throughout the nation, representing 17 million up against previous year.
RNCOS has just come up with its latest market research report on “China Telecom Sector Analysis (2006-2007)”. As per the report, “Fixed line subscriber-base will likely grow at a rate below 5% during the years 2006 and 2009. The subscriber base should reach nearly 425 Million by the year end 2009.” The report further finds that the broadband subscriber base is also likely to grow at rate of above 21% and reach approximately 101 Million by the year-end 2009.
About the report
This research reports on “China Telecom Sector Analysis (2006-2007)” also addresses some interesting issues for today’s global business environment, such as the emerging trends & latest technologies in the telecom sector in China. It looks in to the future prospects of telecom market in China and provides a discussion about the key players in this sector. The report answers key questions such as “How lucrative is the Telecom Market in China for both domestic and foreign players”, “What are the challenges before the industry” etc. This report helps clients in analyzing the current trends so that they can assess the market situation and plan their business strategies accordingly.
RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of industry experts who analyze data collected from credible sources. They provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.