Telecom market to grow 12.9% in Thailand, 9.1% in Philippines, 7.3% in India

IDC expects Thailand telecom market to show most relative growth over the period with an overall 5-year CAGR of 12.9% followed by India and the Philippines with CAGRs of 7.3% and 9.1% respectively. Mature markets like Hong Kong, Korea, Singapore and Taiwan on the other hand are expected to show slightly negative CAGRs - especially Korea with a 3.8% decline. Singapore's PSTN revenue fell to $246.2 mln in 1H04, down from $262.9 mln the previous year