Africa is the Fastest Growing Cellphone Market

From NYT:

Africa the world's fastest-growing cellphone market. From 1999 through 2004, the number of mobile subscribers in Africa jumped to 76.8 million, from 7.5 million, an average annual increase of 58 percent. South Africa, the continent's richest nation, accounted for one-fifth of that growth.

Asia, the next fastest-expanding market, grew by an annual average of just 34 percent in that period.  ...

African nations began to privatize their telephone monopolies in the mid-1990's, and fiercely competitive operators began to sell air time in smaller, cheaper units, cellphone use exploded. ...

One in 11 Africans is now a mobile subscriber.

1 in a 11? Well then there's quite a ways to go. For starters, there's the Telkom SA ADR (NYSE:TKG) and a link to Telkom South Africa's IR page. Its a huge company, with 26,000 employees and a market cap of $11 billion and a PE of around 10-11. Involved in many African counrites, They made $1b USD in 2004.  Now they aren't all mobile services unfortunately, but as we said, its a place to start digging.

Africa has an average of just one land line for every 33 people, but cellphones are enabling millions of people to skip a technological generation and bound straight from letter-writing to instant messaging.

Yes jump right past it, fixed line telecom infrastructure is truly lame.

Comments

[cell phone plan]

i heard about this on a show i was watching the other night. Cell phone only hit a small part of the market so far.

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[Asigurari rca ieftin]

I believe China is the Fastest Growing Cellphone Market. Maybe the article is somehow outdated but China is the best market for cellphones.

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