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GLOBAL TELECOM INDUSTRY POISED FOR GROWTH DESPITE FINANCIAL STRESS

 “Intimately linked to the global economy, the telecommunications industry has long been both a key generator of economic expansion and a recipient of economic growth. In general, the telecommunications industry has doubled its base economy. The telecoms sector has historically been strongly tied to the broader economy's performance, with GDP reductions accompanied by matching declines in operator income as earnings are reduced. But the nature and function of telecoms in alleviating the current coronavirus epidemic could lead to a discrepancy.”

In particular, initiatives to distance society seem to lead to a considerable increase in the use of telecommunications services. This can even lead to a steady increase in demand for telecommunications services over the longer future as more people get comfortable working at homes and other forms of distant engagement.

Read More :- https://www.pukkapartners.com/insight/global-telecom-industry-poised-for-growth-despite-financial-stress

Major Market Highlights:

  • Sprint Corporation, a US-based telecommunications firm, has been acquired by T-Mobiles US, Inc. The strategic combination was designed to construct resilient 5G network infrastructure in the United States and to capture the maximum market for rural and urban areas. The merger will provide the company, its network, and others with a proposed investment of around USD 40 billion over the coming three years.
  • AT&T Inc. and Verizon Communications pooled the 5G spectrum of about USD 70 billion to give customers with better network access. In addition, several major cellular operators, including China Mobile Ltd., KT Corp., BT Group Plc (EE), and Vodafone Group plc, are heavily investing in supplying spectrum millimeter-wave (mmWave).

Conclusion

A lengthy epidemic will disrupt the global economy, affect consumers' and businesses' financial health, and hence, long-term demand. Mobile and broadband operators with significant exposure to retail consumers may suffer more in the short term, but eventually, the harm will affect the entire value chain. How long the lockdown lasts will be influenced.

Most customers showed trust in the pandemic management. Nonetheless, several expressed medium-term concern as the pandemic persisted and sought IFC support. As a result, IFC is accelerating its investment of more than $400 million to help our current telecommunications customers.

The funding will be used to address working capital requirements, short-term refinancing of debt, and assist the development of the network through longer periods of grace and tenors. The telecoms sector support from IFC forms part of the $8 billion in fast-track financing provided to IFC. This is a $2 billion Real Sector Crisis Response Facility for customers in infrastructure, production, agriculture, and services, including TMT.

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