Original telecommunications market research and telecommunications sector trend analysis for the national telecommunications industry.

Competitive intelligence, regional telecommunications company rankings and SWOT analyses on international and domestic telecommunications companies.

The Report provides industry professionals and researchers, operators, equipment suppliers and vendors, corporate and financial services analysts and regulatory bodies with independent forecasts and competitive intelligence on the national telecommunications industry.

" The Asia Telecommunications Report is used for benchmarking industry views against BMI's independent forecasts; for market research and analysis of industry trends. It also provides competitive intelligence on leading companies. "
Chi-Wen Tsai, Managing Director, ROHDE & SCHWARZ Taiwan Ltd

Key Benefits of Report

-Benchmark BMI's Independent 5-Year Telecommunications Industry Forecast to test other views - a key input for successful budgeting and strategic business planning in the national telecommunications market.
-Target Business Opportunities & Risks in the Telecommunications Sector through our reviews of latest industry trends, regulatory changes, and major deals, projects and investments.
-Exploit Latest Competitive Telecommunications Intelligence & company SWOTS on your competitors and peers through company rankings by sales, market share, investments and leading products and services.

Executive Summary
Summary of BMI's key industry forecasts and trend analysis, covering ICT, fixed-line, mobile and internet markets, and headline news of key industry events from the latest quarter.

Market Overview
At-a-glance outlook of the structure, size and value of the industry, including an overview of key players and a snapshot of regional penetration rates for fixed-line, mobile and internet markets.

Business Environment Rankings
BMI provides a cross-border analysis of telecoms regulatory systems across regional markets, and their investor prospects, discussing the merits and downfalls of each country's business environment, and ranking them in order of competitiveness. The rankings take into account industry factors, such as Market Maturity, Growth Potential, Competitive Environment and Licensing Framework in addition to BMI's political and economic risk ratings.

BMI 5-Year Industry Forecast
Historic data series and 5-year forecasts to end-2012 for all key industry indicators (see list below), supported by explicit assumptions, plus analysis of key downside risks to the main forecast.

Fixed-Line Telephony - Telephone Lines ('000); Telephone Lines/100 Inhabitants;
Cellular Telephony - Phone Subscribers ('000); Mobile Phone Subscribers/ 100 Inhabitants; Mobile Phone Subscribers/100 Fixed Line Subscribers;
Internet Markets - Internet Users ('000); Internet Users/100 Inhabitants; Broadband Internet Subscribers ('000); Broadband Internet Subscribers/100 Inhabitants;
Multimedia Markets - PCs ('000); PCs/100 Inhabitants; TV households ('000s); Pay-TV subscribers ('000s); Pay-TV subscribers/100 inhabitants; Cable TV subscribers ('000s); Direct-to-Home Subscribers ('000s)
BMI 5-Year Macroeconomic Forecast
BMI forecasts for all headline macroeconomic indicators, including real GDP growth, inflation, fiscal balance, trade balance, current account and external debt.

Competitive Landscape & Rankings
Commentary on key operators highlighting ownership structures, latest available revenue figures, market share analysis and ARPU counts.

Company Profiles & SWOTS
Company profiles, including SWOT (strengths, weaknesses, opportunities and threats) analyses, fully researched senior executives and contact details, business activity, leading products and services, and a record of all recent foreign direct investments and projects.

The Sector At A Glance

Key Insights On The Telecomunications sector of Serbia

We have made comprehensive revisions to forecasts for Serbia and Montenegro, although these have not had any impact on the country's ranking in our telecoms regional business environment overview. Serbia and Montenegro continue to languish in 15th place, although their composite score is only half a point behind Romania and considerably ahead of bottom-ranked Bosnia-Herzegovina. The countries will likely improve their combined score in 2007 due to increased market maturity levels, although this could bring about a reduction to their growth potential score. It is doubtful whether this would be enough to move them further up the ranking as other countries in the region have witnessed similar or higher levels of growth in 2006. However, improvements to the scores on regulation and competition could come when the third mobile operator enters the Serbian market, and if the Serbian government makes any progress in reducing its 80% stake in incumbent operator Telekom Serbia.

Subscriber data released by Telenor Serbia, the new owner of second-ranked Mobi 63, indicates that the Serbian mobile market is not as strong as anticipated by BMI, although we expect at least some of the shortfall is due to discounting of inactive subscribers. While this has compelled us to downgrade forecasts for YE06, we expect the market will have picked up in Q4 due to Telenor's launch of new prepaid packages and an anticipated strong performance from both Montenegro's mobile operators. These factors, combined with the planned May 2007 launch by newly-licensed Mobilkom Austria, have led us to revise forecasts for future growth upwards, and we now expect mobile penetration will exceed 80% in H207 and near 100% by 2010.

We have also revised forecasts for broadband growth upwards, in light of data showing cable modem take-up has been far greater than we realised, accounting for around 62% of the broadband subscriber base. Although still below 1% in 2005, we now forecast broadband penetration will climb to 3.3% by 2010. We have maintained forecasts for the internet market despite a small adjustment to our estimate for YE05 showing penetration was slightly higher than was previously thought, at 14.1%. In the fixed-line market, Serbia and Montenegro both continue to record increasing subscriber numbers, in contrast with much of the rest of Europe. The inclusion of ISDN channels in Telekom Serbia's fixed-line user base leads us to expect fixed-line penetration will rise to 28.7% by YE06. We expect further - but slower - growth in 2007 before the market begins to stagnate in 2008 and decline from 2009.