The wireless phone industry’s struggles to find new ways of making money will have a $1 trillion payoff by 2010, a new study suggests.
The UMTS Forum, a group of more than 100 telephone service providers and equipment makers led by British carrier Vodafone Group and including NTT DoCoMo, Texas Instruments and Lucent Technologies, is predicting there will be $1 trillion in total revenues for telephone service operators between now and 2010. The projected fees would be generated in large part by so-called third-generation, or 3G, wireless phone service, which is supposed to be available later this year and will provide always-on, high-speed Internet connections as well as ordinary telephone service. Full story. -Ben Charny, ZDNet News