Asian telecom capex spending to grow 3% in 2005

Infonetics Research forecasts a 3% rise in Asian telco capital expenditures in 2005, bringing spending levels to $54.2 bln, compared to $52.4 bln in 2004. The spending increase paralleled a growth in carrier revenues, which were up 11% last year to $257.2 bln. Infonetics expects revenue to increase 6% this year, to reach $273.2 bln, with much of the growth driven by independent mobile carriers.