Abstract
The Thai telecom market generated $8.1bn in service revenue in 2008 but will
contract by 1% in 2009 as a result of the financial crisis cutting Thailand' s
nominal GDP by 9% in 2009. However, Pyramid Research forecasts that growth in
the telecom market will resume in 2010, with roughly half a billion dollars
being added to the total market each year, resulting in a CAGR of 5.5% through
2014. The main engines of growth will be fixed and mobile broadband services.
While the regulator has yet to issue 3G or WiMAX licenses, both fixed and
mobile operators are preparing their networks to meet growing broadband
demand. Fixed operator CAT, for example, is deploying fiber networks in both
urban and rural areas, while mobile players AIS, DTAC and True are testing 3G
services. Thailand' s fixed broadband penetration stood at just 2.2% of the
population in 2008, but we believe this figure will jump to 9.5% by year-end
2014 as a result of new operator initiatives aimed at meeting unmet demand for
services.
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