The number of mobile phone subscribers will touch a staggering 5 billion worldwide this year from 2.2 billion in 2006, according to the International Telecommunication Union (ITU).
While about two-thirds people in the developed world now have access to the Internet, four-fifths of those in developing world don’t. ITU’s Telecom Development Bureau director Sami Al Basheer said the number of mobile broadband users now stood at 670 million compared to just 71 million four years ago. Similarly, fixed broadband users also doubled from 212 million to 527 million during the period.
Telecom market is really competitive with more and more players entering the markets. Telecom handset markets are also becoming very competitive.