Word: telecoms
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...fund may have been conservative in terms of the stocks it holds (China Telecom and Bank of China, among others), but it hasn't been safe. China's stock markets have fallen by 63% this year. Alerted to the severity of the slide by one of her investment-club friends, Zhu checked on the mutual fund earlier this week as Shanghai's stock index plunged below the 2,000-point level for the first time in nearly two years. Zhu was stunned to see that her investment had lost nearly...
...million project is only part of a flurry of telecom activity on the continent. Amid a push by Africa's leaders and telcos to modernize its networks over the next few years, a string of firms have partnered to build the East African Submarine Cable System, some 10,000 km of fiber-optic lines linking 21 countries from South Africa to Sudan. With work on the line started last year, the project is due for completion in 2009. The World Bank's $424 million Africa Regional Communications Infrastructure Program - a complementary scheme approved at roughly the same time - aims...
...extend fiber cables - sparsely populated rural regions, say - O3b's satellite network will shift information around wirelessly, closing the digital divide still further. "Perhaps half of the entire African population does not live in major cities," says Brian Neilson, research director at BMI-TechKnowledge, a South Africa-based telecom consultancy, who adds that for O3b, "there is a clear gap-closing opportunity...
...connect millions of Africans can't guarantee users access to the services they need the most. Most of the $23 billion poured into sub-Saharan Africa's information and communication technology (ICT) infrastructure between 1996 and 2006 came from the private sector. In one sense, that's positive. Those telecom firms aren't diverting money away from other areas no less hungry for investment. But, says Raul Zambrano, ICT adviser in the United Nations Development Program's Bureau for Development Policy, "it doesn't address the issue of development." Just as important as connecting poor people to the Web: giving...
...higher regulations," says Purnomo, the mineral-resources minister. Indonesia also has to further liberalize its economy to encourage greater investment from both foreign and local enterprises, by, for example, loosening up the labor market and lifting remaining restrictions on foreign investment in certain sectors, such as transport and telecom...