Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : MRV Communications (MRVC) opinions? -- Ignore unavailable to you. Want to Upgrade?

To: Sector Investor who wrote (13755)	5/31/1999 1:31:00 PM
From: signist	Read Replies (1) \| Respond to of 42804

Asia's Biggest Phone Companies Set to Sign $1 Bln Cable Network Agreement Korea Telecom Corp., Hong Kong Telecommunications Ltd. and eight others, is also a sign that companies are gearing up for a pick up in demand for goods and services in the region. ''Phone companies realize they have to capture capacity early to maintain growth, and to maintain their dominance,'' said Daniel Widdicombe, a telecommunication analyst and managing director at Bear Stearns Singapore Pte. ''They are rushing to tie in capacity in expectation of a huge jump in data connections.'' Widdicombe expects data usage to expand between 40 percent and 50 percent annually in Asia, with more business communications and a heavier use of the Internet. The number of Internet users in Asia outside of Japan is expected to expand 35 percent a year to 57.5 million by 2003, said International Data Corp. The market researcher also expects data revenue for the region to increase at an average of 32 percent a year to $18.5 billion by 2002, twice the pace of voice revenue growth. ''The use of wireless, data and the Internet will continue to increase in Korea, driving earnings growth,'' said Hong Sung Han, manager of Korea Telecom's international submarine cable division. ''Korea Telecom is the most aggressive investor'' in the project, he said, declining to be specific. quote.bloomberg.com