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2013 will mark the first year in which telecom equipment vendors will compensate for declining legacy
technology revenues (GSM and CDMA) with LTE revenues, bolstered by the continuance of LTE
deployments in North America and surging deployments in China and Latin America. Before LTE
revenues picked up in 2H12, most Tier 1 vendors saw infrastructure revenues slump compared to 2011,
due to declining demand for GSM and CDMA equipment.