Positive forecasts for the telecoms market in CIS countries and Georgia

The telecoms markets in CIS countries and Georgia are expected to experience sturdy growth driven by fixed and mobile internet access services in the coming two years or so. ISP services’ share of the telecommunications revenues will grow, the quality of the services is expected to improve and prices will fall. The development will be driven by the expansion of Russian companies in the neighbouring states. The Russian telecommunications market has reached maturity and mobile operators have started to look at the possibility of further expansion.
The telecommunications services market in CIS countries and Georgia amounted to approximately €10.3bn in 2011, which means a growth of 1.3% y-o-y. Based on the results of H1 2012 and current market development trends we expect that the market will increase to more than €11.2bn in 2012, which is 9.5% more in comparison with the previous year.

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