Articles tagged with: China Netcom and Vivo

1Q09 results highlight importance of emerging markets

Opinion piece by John Lively, VP & Chief Forecaster

Exchange-rate shifts can mask real growth

Dramatic changes in exchange rates occurred in 4Q08 and 1Q09, compared to previous periods, with many currencies weakening versus the dollar. The euro fell 15%, the Indian rupee declined 27%, the Mexican peso 33%, the Australian dollar 36%, and the Korean won was down 48%. For an operator reporting EUR 100 million of capex in both 1Q08 and 1Q09, exchange-rate shifts would translate the 0% growth into a decline of 13% if the results were converted to US dollars at the going rate for each period.  more

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