Telecom spending to decline by nearly 1% in 2020 - Study

Telecom spending to decline by nearly 1% in 2020 – Study vanguardnews

Global provider of market intelligence and advisory services for information technology, International Data Corporation, IDC, has projected that telecom spending is expected to decline by 0.8 percent in 2020 worldwide when compared to 0.5 per cent growth last year.

“The economic slowdown is expected to put ‘macro pressure’ on consumer spending, including upgrades to 5G mobile contracts, in the second half of 2020, yet the overall impact on telecom spending will be moderate compared to other ICT markets.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

vanguardngrnews /  🏆 5. in NG

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

NESG Predicts 7.3% Decline in Nigeria’s GDP in 2020 - THISDAYLIVEDike Onwuamaeze Nigerian Economic Summit Group (NESG) has predicted that the Nigerian economy would contract by 7.3 per cent in 2020 if the average crude oil price slumps to $15 per barrel in 2020 and Nigeria’s crude oil output averaged 1.3 million barrels per day (mbpd). NESG noted that this worst-case scenario would be driven …
Read more »

Nigerian Households Spent N2trn On Petrol, Electricity In 2019 –NBS | Sahara ReportersNigerian Households Spent N2trn On Petrol, Electricity In 2019 –nigerianstat | Sahara Reporters Households spent N2.59trn on transport; N2.46trn on health; N2.43trn on education; N2.22trn on services including telecoms and N2.12trn on rent. READ MORE:
Read more »

Nearly two million U.S. households cancel cable, satellite TVApproximately 1.8 million American households canceled subscriptions during the first quarter of 2020, Variety reports.
Read more »

COVID-19 Pandemic: Investments In Manufacturing Sector Records Sharp Decline – SurveyCOVID-19 Pandemic: Investments In Manufacturing Sector Records Sharp Decline – Survey
Read more »

Poor telecoms service affecting calls, PoS transactions – Investigation
Read more »

Telecom firms gain in COVID-19 pain - The Nation Nigeria NewsBefore the first index case of coronavirus (COVID-19) pandemic was recorded in Nigeria, Mrs Esther Felix usually subscribes to the monthly N1000 data
Read more »