Telecom Outlook: $2 Trillion in 2012
FOR: CENTURY CAPITAL RESEARCH
JUN 29, 2012 - 08:00 ET
NOTE TO EDITORS: The Following Is a Research Alert Issued by Century Capital Research
NEW YORK, NY--(Marketwire - June 29, 2012) - Zacks Equity Research has stated in their June 2012 Telecom Stock Outlook that the telecommunications industry is identified as a major driver of global economic recovery. Research firm Ovum recently reported that global revenue of telecom service providers exceeded $1.91 trillion in 2011, an improvement of 6.7% year over year. The momentum is expected to remain high in 2012.
Most of the large national telecom service providers together with the regional prepaid telecom operators generated net subscriber addition in the first quarter of 2012. Verizon Wireless, a joint venture between Verizon Communications Inc. (VZ) and Vodafone Group plc. (VOD), added 501,000 post-paid subscribers out of total net addition of 734,000. AT&T Inc. (T) added a net 187,000 post-paid subscribers out of total net addition of 726,000. Sprint Nextel Corp. (S) gained a net 263,000 postpaid subscribers out of total net addition of 1.1 million. Additionally, Everybody's Phone Company (
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