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Hong Kong mobile market driven by 3G and 4G networks

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Hong Kong Telecommunications Report Q1 2014 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-03-17 05:47:01
Hong Kong has many positive characteristics including a comparatively high purchasing power, a business-friendly environment and was the first to launch a commercial LTE network in Asia.

Mobile subscriber numbers have long passed the 200% penetration mark and the latest data from operators and the regulator show continued growth, and data suggests this rate is slowing down further, prompting a downgrade in our forecast. 3G and 4G however, are the key drivers of growth, outperforming our expectations for the year. Fixed lines continue to post declines at a more rapid pace, although IP lines are a bright spot for the industry.

Mobile subscriptions continued to grow in 9M13 despite the high penetration rate. We forecast 18.787mn mobile subscribers by the end of our five-year forecast in 2017, a 253% penetration rate, although this is a downgrade to our previous forecast following sluggish growth in the first nine months of the year.

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