Telecom Industry

July 2009 Opportunities in adversity Telecommunications survey snapshot Overview In light of the sudden and roiling global economic slowdown, the telecommunications attention has fared better than many new(prenominal) sectors as industry revenues and proÕts have held up comparatively well. Still, the landwide economic crisis has pressured proÕt capability at large telecommunications companies and has hampered the industrys ability to invest in capital programs and exsert product offerings. All telecommunications sector companies have been counselinging intently on both the top and bottom lines taking fighting(a) measures to reduce internal costs, solidify securities industry position and struggle in a changing environment. Stronger telecommunications companies are witnessing reduced contestation from alternative operators hampered by cash constraints and have the balance saddlery strength to roll out new networks, whether Õxed or mobile. With the economist Intelligence Unit, we interviewed senior executives from major telecommunications industry Õrms around the world in June 2009 to gain insight on how they are managing their businesses during this profuse period. It was encouraging to tally responses showing that the telecommunications sector has been less impacted by the crisis compared with other sectors.

Overall, respondents said that they see diminished ability to deploy capital to take advantage of new market opportunities in the next 12 months. The telecommunications industry, however, will continue its focus on cost reduction initiatives, building brand constitution and diversifying products and services. Ernst & Young highlights how executives are actively managing to secure their present and reform their performance and position to sustain their companies future. About this survey For this study, the economist Intelligence Unit surveyed 569 C-suite and board-level executives. Respondents were drawn from across the world and across a wide variety of industry sectors, including... If you want to lay a full essay, order it on our website: Orderessay

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