Expo shoppers budget US$3b
A bumper turnout at CommunicAsia and the launch of a 'world phone' set stage for a telecoms revival
Billions of dollars in potential new investments in corporate networks and the launch of a 'world phone' by Nokia are leading a revival in Asia's telecommunications markets.
Organisers of the 15th Asian International Communications and Information Technology Exhibition and Conference, also known as CommunicAsia, said corporate visitors to the show had earmarked funds of US$3.17 billion to sign potential deals at the exhibit.
That war chest comes from more than 40,000 trade visitors from 79 countries attending this year's event, which starts in Singapore today and ends on Friday.
Stephen Tan, chief executive of Singapore Exhibition Services, said the huge interest in CommunicAsia reflected how much Asian economies had regained their momentum since the Sars crisis.
Sourcing budgets registered by corporate visitors for the main CommunicAsia 2004 and EnterpriseIT 2004 conference and exhibition total $2.34 billion. Budgets for BroadcastAsia2004 come to about $827 million.