Telecom spending up 9% in 2005

Telecom spending enjoyed a 9% boost in 2005. Increased wireless demand, network expansion and broadband Internet access was responsible for the $856.9 bln hike, according to the Telecommunications Industry Association. The trend is expected to climb to 10.2% growth in 2006, leveling off at 9% annual growth, reaching $1.2 trillion in telecom sales between 2006 to 2009