Mobile Driving New Cable Construction in Developing Countries

tycoshipAfrican cell phone penetration rates are at an impressive 37 percent, according to a recent study by Ernst & Young. Impressive because a year and a half ago, at the beginning of 2008, the penetration rate was only 28 percent. That’s a huge increase, and it’s only going to continue — and all these cell phones are going to need some serious data connections. PC ownership is very rare on the continent, but cell phone ownership is booming, with a 49.3 percent compound annual growth rate (CAGR) every year since 2002. By comparison, Brazil and Asia have reported 27.5 percent CAGR over the same time period. Ernst & Young expects African cell phone market penetration to reach 60 percent by 2012. Read More about Mobile Driving New Cable Construction in Developing Countries