Tag Archives: cell phones

Sector Watch: Spotlight Telecommunications Stocks

The telecommunications industry is evolving quickly.  Recent data suggests, for example, that half of all adults in the United States have a tablet or smartphone.  There are many countries that have an average of more than one cell phone line per person.  In the developing economies, cell phones have allowed much broader access to voice and data services than would have been possible if the traditional fixed-line infrastructure needed to be built.  Ten years ago, Nigeria had only 100,000 phone lines.  Today, Nigeria has 100 Million cell phone accounts.  The ways that people use telecommunications are also expanding.  For people with little or no access to banking, mobile money services can provide the essential roles of banking.  The continued convergence of banking with telecommunications has substantial implications for both. Continue reading