Japan, Singapore, HK and South Korea best for 3G

date: 21 November 2000

A report issued by international rating agency Fitch states that Japan, Singapore, Hong Kong and South Korea are the most suitable markets in Asia for 3G development. These markets have been selected as having the most potential as they have penetration rates over 50% and telecoms revenue already accounts for over 3% of GDP. Other Asian markets do not have penetration or the market potential to create satisfactory returns the report says.

The report compares the Asian and European market and points out that Pan Asian coverage will not be a reality, which will keep the license costs low compared to Europe.

"Fitch has predicted that license costs will be: between US$1.2bn and US$2bn in Singapore; between US$2.6bn and US4.6bn in Hong Kong; and between US$1bn and US$1.2bn in South Korea"

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