Moody’s: Higher data, broadband consumption in Asia Pacific to drive growth through 2023, telco sector to consolidate further The Edge Markets


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- A + A KUALA LUMPUR (Sept 7): Data and broadband consumption in the Asia-Pacific (APAC) will thrive, while further consolidation will temper competition over the next few years, propelling revenue at an annual rate of between 4% and 4.5% through 2023, according to Moody's Investors Service. Moody’s said industry consolidation would continue and telcos would look to diversify their revenue streams, but rated companies are likely to retain credit metrics that are within their rating levels. “Consolidation has taken place in markets such as Indonesia, India, Singapore, and Malaysia (A3 stable), as telcos look for synergies ahead of aggressive...