Archive for June 20th, 2009

India Telecom to cross 30bn revenue by 2013.

India telecom to cross 30bn revenue by 2013.

India telecom to cross 30bn revenue by 2013.

India will continue its robust telecom story with the revenue of the sector expected to be more than $30 billion by 2013, according to a global IT research and advisory firm.

”Total mobile services revenue in India is projected to grow at a compound annual growth rate (CAGR) of 12.5 percent during 2009-2013 to exceed $30 billion,”” the US-based Gartner Inc said in a statement.

The study also found that the growth will be triggered by the increased adoption of value-added services.

The mobile market penetration is projected to grew to 63.5 percent in 2013 from 38.7 percent in 2009 on the back of increased focus on the rural market as well as entry of consumer durable and electronic companies into the mobile handset segment, and cheaper handsets.

Moreover, the number of people with prepaid connections will continue to swell to exceed 96 percent by 2013.

Along with this, the postpaid subscriber base will exceed 29 million subscribers by 2013 growing 2.5 percent from 2008, Gartner said.

The Indian mobile industry has now moved out of its hyper growth mode, but it will continue to grow at double-digit rates for next three years as operators focus on rural parts of the country

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