The telecommunications Industry is identified as a major driver of global economic recovery. An unprecedented growth of high-speed mobile Internet traffic, particularly for wireless data and video, has transformed the industry into the most evolving, inventive and keenly contested industry. In addition, the emergence of mobile broadband technology has created several new service areas, which potentially offers huge growth potential. This includes IPTV, collaboration and cloud computing, videoconferencing and mobile payment, to name a few. Research firm Ovum recently reported that global revenue of telecom service providers exceeded $1.91 trillion in 2011, an improvement of 6.7% year over year. The momentum is expected to remain high in 2012. Recent Performance The U.S. telecommunications industry is witnessing consistent growth despite experiencing a slow moving U.S. economy. This is evident from the
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