GoingToMeet

TELRO – 2010 has taken the initiative. It is an event with its root deeply embedded into the route planning suggested by the industry think tanks. Historically, telecommunications revenues have increased after every crisis since the 1970s. Policymakers understand that TELECOM sector has traditionally shown financial resilience and can help rejuvenating the Region’s entire economy. Our best examples come not very long ago. The “Argentinean crisis” where Argentina entered a recession in 2000 and it peaked in 2002, with GDP falling by 10.8 percent, unemployment reaching 23 percent, and inflation at 26 percent. Telefónica de Argentina aggressive measures were crucial to the company’s survival and allowed it to become a life line for the entire economy. The Turkish economy experienced a recession around the same time, with very high inflation but the telecom sector actually offered significant growth potential during this period. Theyt were proactive in their countermeasures and took advantage of the opportunity responded by drastically reducing its cost and stuck up cash. Like Argentina and Turkey, Japan saw strong devaluations of its currency in 1997–98, as well as devalued stock markets and a substantial increase in private debt. The country sank into a recession in 1998. NTT DoCoMo was not hindered by economic conditions and it took aggressive measures and came on top of the situation.