CEE Mobile Spending Keeps on Rising Despite Saturated Markets

March 2006 | Company Finance Alert

Spending on mobile services in Central and Eastern Europe is likely to keep on growing despite falling prices and saturated markets, according to a new industry report. A study by IDC claims that spending across 11 regional markets grew by 13.5% in 2005 to US$15.12bn. That figure is expected to rise again this year, by a slightly more modest 9.5%. The overall mobile penetration rate in Central and Eastern Europe is now estimated at 78% although this figure hides considerable variations between countries. Four countries - the Czech Republic, Estonia, Lithuania and Slovenia - now have penetration rates in excess

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