Global Capital Spending on the 4G/LTE Infrastructure Forecasted to Triple in 2013
Posted on November 07, 2012 at 08:20 AM EST
The Paragon Report Provides Stock Research on Alcatel Lucent and Tellabs
NEW YORK, NY -- (Marketwire) -- 11/07/12 -- The global demand for mobile devices such as smartphones and tablets have led to an increased focus on high speed LTE networks. IHS iSupply forecasts global capital spending on the 4G/LTE infrastructure to nearly triple from the expected $8.7 billion in 2012 to $24.3 billion in 2013. The Paragon Report examines investing opportunities in the Communication Equipment Industry and provides equity research on Alcatel Lucent SA (NYSE: ALU) and Tellabs, Inc. (NASDAQ: TLAB).
The number of smartphones in use globally recently topped 1 billion according to research firm Strategy Analytics. The number of smartphones in use in the third quarter of 2012 totaled 1.03 billion, a 47 percent increase from third quarter 2011. By 2015, Strategy Analytics forecasts that number to exceed the 2 billion mark.
"Smartphone penetration is still relatively low," Neil Mawston, London-based executive director at Strategy Analytics, said in the statement. "Most of the world does not yet own a smartphone and there remains huge scope for future growth, particularly in emerging markets such as China, India and Africa."
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Shares of Alcatel-Lucent fell sharply last week after it reported its second consecutive quarterly loss. For the third quarter of 2012 the company posted a net operating loss of 146 million euros. "The numbers that we have shown are a clear sign of two factors -- a market in transition and a company in transformation," said Ben Verwaayen, CEO of Alcaltel-Lucent.
Shares of Tellabs have fallen over 12 percent in the last month. For the third quarter of 2012 the company reported revenues of $264 million, compared with $330 million in the year-ago quarter. Tellabs expects fourth quarter 2012 revenues to range between $240 million to $260 million, which was below analysts' estimates of $276 million according to Thomson Reuters I/B/E/S estimates.
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