|By Marketwired .||
|March 21, 2012 08:20 AM EDT||
NEW YORK, NY -- (Marketwire) -- 03/21/12 -- The telecom industry has performed well this year as service providers continue delivering growth. Global Industry Analytics (GIA) argues that the market size of the global telecommunications industry might reach $1.8 trillion in the next three years. Studies from marketresearch.com, meanwhile, find that the United States will be the biggest contributor to the industry's growth, and expected domestic telecom revenue to grow approximately 3.9% per year to reach roughly $1.2 trillion by 2020. The Paragon Report examines the outlook for companies in the Domestic Telecom Services industry and provides research reports on AT&T, Inc. (NYSE: T) and CenturyLink, Inc. (NYSE: CTL). Access to the full company reports can be found at:
Earlier this month House republicans and senior executives in the telecom industry came out against a forceful government role in overseeing cybersecurity in the private sector. During a hearing of the House Energy and Commerce Committee's subcommittee on communications and technology, the telecom executives stressed that sharing information and providing incentives for cybersecurity innovation are better approaches than expanding the government role in cybersecurity protection.
"Overall, any cybersecurity legislation that Congress may consider should focus more on protecting the government's own critical IT systems and networks from cyber threats and sharing critical information with private industry," John Olson, chief information officer with MetroPCS Communications, said.
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Last week Canada's Federal Government announced that it will ease foreign ownership restrictions on telecom companies and place caps on upcoming multibillion-dollar wireless spectrum auctions to allow smaller wireless firms greater market access. Canada will allow foreign companies to buy operators with less than 10 percent of market share by revenue, Industry Minister Christian Paradis told reporters, and let those companies grow market share beyond that level without merging with or acquiring rivals.
While the government had said it would consider scrapping foreign ownership restrictions altogether, the more modest change announced will likely do little to entice foreign carriers to invest in Canada, said Neeraj Monga, an analyst at Veritas Research in Toronto.
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