In this midst of fear and speculation that “telecom companies would not be able to make good profit for next couple of years” should we invest in them ?
Its festive time and so there are should be some investment that should be also done now. You should select stock which are good long term bet and I have selected 3 of them for myself. This are my best pick and before indulging into any investment activity consult your investment consultant.
Today I got some interesting facts about Telecom Sector in India from ICICIDirect.com and here is the summary of the report.
The Indian telecom market has been displaying sustained high growth rates. India is one of the largest telecom market in Asia after China, Japan and South Korea. The Indian telecom network is the eighth largest in the world and the second largest among emerging economies.
The success of India?s telecom revolution is restricted to mobile voice with very little to showcase in fixed line and internet access, or high ? speed broadband. For a country that is the global IT or the world?s back office, its own internet penetration remains one of the lowest in the world.
Bharti Airtel is India’s leading integrated telecom company and it has been a pioneering force in the telecom sector and today enjoys a strong nationwide presence. It has been at the forefront of the telecom revolution and has transformed the telecom sector with its world class services built on leading edge technologies.
The same thing is likely to happen in Europe. Although governments in emerging economics have taken care of the citizens by shielding them from the rising cost of oil through subsidies, yet the recent price rise has forced them to raise prices. The growth will be dampening by such a happening.