The Impact of the Cu
                   urrent Crisis on the ICT in
                                             ndustry i...
The Impact of the Cu
                   urrent Crisis on the ICT in
                                             ndustry i...
The Impact of the Cu
                   urrent Crisis on the ICT in
                                             ndustry i...
The Impact of the Cu
                   urrent Crisis on the ICT in
                                             ndustry i...
The Impact of the Cu
                   urrent Crisis on the ICT in
                                             ndustry i...
The Impact of the Cu
                   urrent Crisis on the ICT in
                                             ndustry i...
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Impact of 2008 crisis on mobile operators in Nordic-Baltic region_description

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The thesis is dedicated to the analysis of the impact of 2008 crisis on 4 mobile operators in Nordic-Baltic region.

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Impact of 2008 crisis on mobile operators in Nordic-Baltic region_description

  1. 1. The Impact of the Cu urrent Crisis on the ICT in ndustry in the Nordic-Baltic Region e An Exam mple of Mobil Operators in Finland a Sweden vs Latvia and Estonia le s and THE IM MPACT OF THE CURRENT CRISIS F U ON THE ICT IND E DUSTRY I THE NORDIC-BALTIC REGION IN B AN EXA AMPLE O MOBIL OPER OF LE RATORS IN FIN NLAND AND SWEEDEN VS LATVIA A AND EST TONIA AM SMIB 200 – 2008, P A 07 Part-Time By: Olga EFR B REMENKO Director: Serg BESANG D ge GER, PhD 1 / 127
  2. 2. The Impact of the Cu urrent Crisis on the ICT in ndustry in the Nordic-Baltic Region e An Exam mple of Mobil Operators in Finland a Sweden vs Latvia and Estonia le s and TABLE O CON T OF NTENTS S EXECUT TIVE SUMM MARY ............ ...................... ............................................ ......................................... 3  ...................... INTRO .............................................................. 5  ................................................................. ODUCTION ........................ PART I. ECONOMIC SITUATIO ................. C ON ............................................ ......................................... 7  ...................... 1.1  EECONOMIC SITUATION I THE REGI ..................................... IN ION .............................................................. 7  1.1.1  Smart RRegion in the E European Uni ....................................... ion ......................................... 7  ...................... 1.1.2  Exampl of economic ascension of Estonia ............................. le c f ......................................... 9  ...................... 1.1.3  Current Global Crisis .................... t s ............................................ ....................................... 11  ...................... 1.1.4  Crisis in the four cou n untries ............ ............................................ ....................................... 16  ...................... 6 1.1.5  Crisis in Nordic coun n ntries .............. ............................................ ....................................... 19  ...................... 9 1.1.6  Crisis in Baltic count n tries ............... ............................................ ....................................... 21  ...................... 1.1.7  Crisis in Estonia ....... n ...................... ............................................ ....................................... 22  ...................... 2 1.1.8  Crisis in Latvia in det ............... n tails ............................................ ....................................... 25  ...................... PART II ICT INDUS I. STRY ............ ...................... ............................................ ....................................... 36  ...................... 6 1.2  GLOBAL VIE OF THE IC INDUSTR ........................................ EW CT RY ............................................................ 36  6 1.2.1  The ICT industry and its actors ..... T d ............................................ ....................................... 36  ...................... 6 1.2.2  Telecommmunications sector as a pa of ICT ............................ art ....................................... 37  ...................... 7 1.2.3  Role of ICT in econo f omic performa ..................................... ance ....................................... 39  ...................... 9 1.2.4  Charact teristics of the European IC industry .......................... e CT ....................................... 41  ...................... 1.2.5  Impact of economic c crisis on ICT I Industry .............................. ....................................... 42  ...................... 2 1.2.6  Strategi by analysts .................... ies s ............................................ ....................................... 43  ...................... 1.2.7  ICT Inddustry in the fo countries . our ............................................ ....................................... 44  ...................... 4 PART II MOBILE SERVICES S II. SECTOR...... ............................................ ....................................... 51  ...................... 1.3  GLOBAL SITTUATION IN T THE MARKET OF MOBILE SERVICES . T E ............................................................ 51  1.3.1  Impact of the current crisis on the M t Mobile Servic Segment .. ces ....................................... 58  ...................... 1.3.2  Recommmendations by analysts ...... y ............................................ ....................................... 62  ...................... 2 1.3.3  Mobile Services Mar in the four countries .......................... rket r ....................................... 63  ...................... 1.4  AANALYSIS OF THE COMP F PANIES IN TH REGION ....................... HE ............................................................ 71  1.4.1  Global llandscape of MMobile Opera ators in the fou countries .... ur ....................................... 71  ...................... 1.4.2  Regulattory legislation in telecomm n munication ser rvices in the re egion ............. ....................................... 74  4 1.4.3  Global pperformance o the Mobile Operators........................... of ....................................... 75  ...................... 1.4.4  Global vvision of Mob segment in 2008 vs 200 ................... bile n 07 ....................................... 78  ...................... 1.4.5  Position ning of the commpanies in ea market ........................... ach ....................................... 85  ...................... 1.4.6  Analysi of the financ structure of the compan ................ is cial nies ....................................... 98  ...................... 1.4.7  Global vvision of the a actors’ financi health in 2007-2008 ...... ial ..................................... 105  ...................... 1.4.8  Outlook 2009 for the companies ... k ............................................ ..................................... 108  ...................... 1.4.9  Response of the mark ................ kets ............................................ ..................................... 118  ...................... CONC .......................................................... 122  ................................................................. CLUSION ............................ 2 BIBLIOG GRAPHY .......................... ...................... ............................................ ..................................... 124  ...................... 4 2 / 127
  3. 3. The Impact of the Cu urrent Crisis on the ICT in ndustry in the Nordic-Baltic Region e An Exam mple of Mobil Operators in Finland a Sweden vs Latvia and Estonia le s and BIBL LIOGRAPHY Reports and Workin papers s ng Beyond 3G Research, by Ramjee Prasad and Knud Erik Skouby, Nor e d rdic Baltic IC 2006 CT, Bundling into the futu g ure? - Structural condition for busine model de ns ess esign in new ICT services by Anders w s, s Henten a Helge G and Godø, Septem mber 2008 Competi ition and Reg gulation in th Nordic Mo he obile Markets by Anders Henten, 200 s, 07 Czech R Republic, Re epublic of Es stonia, Hung gary, Republ of Latvia, Republic o Lithuania, Republic of lic , of f Poland, Slovak Rep public, and R Republic of S Slovenia—E Export Structure and Cre edit Growth, by Stefania a Fabrizio, Deniz Igan, Ashoka Mo , , ody, and Nata Tamirisa IMF, Septe alia a, ember 14, 20 006 Estonia business en nvironment: L Leading the Eastern Eu uropean coun ntries, by Eu uromonitor International, , Septemb 9, 2007 ber EU10 Re egular Econo omic Report, World Bank October 20 , k, 008 Financia Integration in the Nordi al dic-Baltic Reg gion, Challen nges for Fina ancial Policie Monetary and Capital es, y l Markets Department IMF, 2007 t, Guidelines for the No ordic Counci of Minister cooperatio with Eston Latvia and Lithuania 2006-2008, il r’s on nia, a , Decemb 2004 ber ICT, Inno ovation and Economic G Growth in Tra nomies. A Multi-country S ansition Econ Study of Pola and, Russia, , and the Baltic Count tries, by ECO ORYS Nederland B.V.in collaboration with TNO an IDEA, 200 c nd 07 uctures and I Infrastru ICT: Measur rement Issue and Impa on Econo es act omic Growth, EU KLEMS Project on S n Productivity in the Eu uropean Unio A Compa on: arative Indus Approach by Matilde MAS, 2006 stry h, e Latvian N National Dev velopment Pl 2007-2013, Ministry of Regional D lan o Developmen and Local Government nt t of the Re epublic of La atvia, 2006 MOBILE CALL PRIC E CES 2008 - IN NTERNATIO PARISON, FICORA, May 30, 2008 ONAL COMP OECD In nformation T Technology O Outlook 2008 OECD, 200 8, 08 OECD R Regional Eco onomic Asses ssment: The Baltic States OECD, 20 s, 000 Preparin Europe’s d ng digital future i2010 Mid-T Term Review European C w, Commission, April 2008 , Request for Stand-B Arrangeme IMF, Dec t By ent, cember 2008 8 State of the Region R Report. The Baltic Sea R Region as a place to do b p business, Baltic Developm ment Forum, , 2007 State of the Region R Report. The Baltic Sea R Region as a place to do b p business, Baltic Developm ment Forum, , 2008 The Glob Informati Technolo Report 2007-2008, World Econom Forum, 2 bal ion ogy W mic 2008 The Glob Informati Technolo Report 2008-2009 (E bal ion ogy Extracts), World Economic Forum, 200 c 09 World Ec conomic Out tlook. Crisis a Recover IMF, April 2009 and ry, EESTI T Telekom Annual Interim R Report, 2008 EESTI T Telekom Annual Report, 2 2008 EESTI T Telekom Annual Report, 2 2007 ELISA A Annual Interim Report, 20 m 008 124 / 127
  4. 4. The Impact of the Cu urrent Crisis on the ICT in ndustry in the Nordic-Baltic Region e An Exam mple of Mobil Operators in Finland a Sweden vs Latvia and Estonia le s and ELISA A Annual Repor 2007 rt, ELISA A Annual Repor 2008 rt, Ericsson Annual Inte n erim Report, 2008 Nokia An nnual Interim Report, 200 m 08 Tele2 An nnual Interim Report, 200 m 08 Tele2 An nnual Report 2008 t, Tele2 An nnual Report 2007 t, TeliaSon nera Annual Interim Repo 2008 ort, TeliaSon nera Annual Report, 2007 7 Articles, press relea ases and re eviews urope - Telec 2008 Eu coms, Mobile and Broadb e band in Baltic countries, A c Annual Public cation, Budd deComm, Decemb 2008 ber Baltic ec conomies fac cing tougher times, by Pa atrick Lannin, Internationa Herald Trib , al bune, May 26, 2008 Central a Eastern European fix telecoms (Extracts), Analysis Ma and xed s ason, 2008 Crisis W Hit Hard A Fast, Business Monit Internatio Will And tor onal, 2008 Descript tion of Econo omic Survey of Estonia 2009, OECD, 2009 Emergin Europe Cl ng loses Income Gap with A e Advanced Eur rope, by Athanasios Vam mvadakis, IMF Euro opean Department, Augu 1, 2008 ust Estonia b business env vironment: L Leading the E Eastern Euro ries, Euromonitor Internat opean countr tional, Septemb 19, 2007 ber Financia Crisis Take Harsh Tol on Europe, by Dora Iak al es ll kova, IMF European Depa artment, October 21, 2008 Credit Crisis: Challenges Facing Your Company in these Unce Global C r n ertain Times, , PriceWa aterHouseCo oopers, Nove ember 25, 20 008 High-tec industry gr ch rowing Europ pe-wide, EIT Press Release, May 8 2008 TO 8, IMF Exe ecutive Board Approves € d €1.68 Billion Stand-By Ar rrangement f Latvia, Press Release No. for e 08/345, IMF, December 23, 2008 8 ping Counter Crisis Fallo in Emergi Europe, by Camilla A IMF Help r out ing b Andersen, IMF Survey online, F January 14, 2009 Impact o Economic Crisis on Telecom Industry, by Mohit Agrawal, htt of t tp://www.tele ecomcircle.co om/, March 17, 2009 9 INSTAN VIEW-Swe NT edish consum confiden improves in February FinanzNac mer nce s y, chrichten.de, February 2009 Latvia m mulling IMF lo as crisis sweeps Nord region, by Ambrose E oan rdic Evans-Pritchard, Telegraph.co.uk, Novemb 10, 2008 ber Latvia’s crisis at critic level, by Kate McIntos The Balti Times, Ma cal sh, ic arch 2009 Latvia's troubled eco onomy, Economist, Vol. 3 Issue 8611, Decembe 20, 2008 389 er Major factors driving increases in wireless ne n etwork traffic from cellular users, by A r Analysis Maso 2008 on, 125 / 127
  5. 5. The Impact of the Cu urrent Crisis on the ICT in ndustry in the Nordic-Baltic Region e An Exam mple of Mobil Operators in Finland a Sweden vs Latvia and Estonia le s and Mobile b broadband in Europe: fore n ecasts and a analysis 2009 9–2014 (Extr racts), Analy ysis Mason, 2009 2 Mobile s subscriptions reach 4 billi s ion. A snapsh of the ICT market, by Lourens Sm hot y mak/Alamy, ITU World Telecom mmunication, 2008 MOBILE - Giants fa fresh com ES ace mpetition, by TBT Staff, September 2 y S 2007 Nordic E Enterprise Mo obility Solutio and Serv ons vices: Mobile Broadband Drives Grow Despite Credit e d wth C Crisis, ID January 28, 2009 DC, Planning for the uptu recession strategies for telecoms operators, R g urn: s Rupert Wood Analysis Mason, d, M March 4, 2009 Press Re 08/345, IMF, December 2 2008 elease No. 0 23, Recessio through 2 on 2009, Econom Outlook, Central Eur mic rope &Baltics Business M s, Monitor Intern national, January 2009 Scandinavia struggle to stay aflo amid global financial crisis, Intern es oat national Hera Tribune, February ald F 2009 economic hangover in 20 The Balt States fac a severe e tic ce 009, by Martin Hutchinson breakingviews.com, n, Decemb 30, 2008 ber The Cen stern European mobile m ntral and Eas market 2008-2 2013: trends in Central a Eastern Europe s and (Extracts Analysis M s), Mason, 2008 8 The confidence of Es stonian cons windling, The Baltic Cours magazine, by Juhan Tere, sumers is dw se T February 16, 2009 y The spectre of reces ssion looms o over the telec coms industr by Andrew Parkin-Wh ry, w hite, August 19, 2008 1 Trends in Telecomm munication Re eform 2008: Six Degrees of Sharing, 9th edition, I s ITU, 2008 Triple-pl pricing stu 4Q 2008 pricing dur lay udy 8: ring the econ nomic downtu by Martin Scott, Ana urn, alysis Mason, J January 21, 2009 Vikings g east, Mar go rlène Sellebrå åten, Total T Telecom Mag gazine, Octob 2008 ber Why ICT research is even more i T s important in the aftermat of the finan th ncial crisis, b Viviane Re by eding, IST 2008 Ev vent: 'i's to the future: inve e ention – inno ovation – imp pact, Lyon, November 25, 2008 Why the IMF Suppor the Latvia Currency P rts an Peg, by Christoph Rosen nberg, Eurom monitor, Janu uary 6, 2009 coms escape the econom downturn by Andrew Parkin-Whit Analysis Mason, Nove Will telec e mic n, w te, ember 7, 2008 Books Financia Crises and Recession i the Global Economy, 2 Ed., Roy Al al d in l llen, Edward Elgar Publis shing, 1999 La crise, et après ?, Jacques Atta Fayard, 2 , ali, 2008 Les crise financière Robert Bo es es, minique Plihon, Conseil d’ Analyse Economique, oyer, Mario Dehove, Dom E , La Documentation Française, 2004 Politique économiqu Agnès B e ue, Bénassy-Qué éré, Beoit Cœuré, Pier Jacquet, Jean Pisan C rre ni-Ferry, De e Boeck, 2 2004 The Fina ancial Times Guide to Str rategy, 3 Ed. Richard Ko ., och, Prentice Hall FT, 2006 e 126 / 127
  6. 6. The Impact of the Cu urrent Crisis on the ICT in ndustry in the Nordic-Baltic Region e An Exam mple of Mobil Operators in Finland a Sweden vs Latvia and Estonia le s and Major In nternet links s Baltic Bu usiness New http://www ws: w.balticbusinessnews.com m Bank of Latvia, http:/ //www.bank.l lv/eng/main/a all/monpolicy y/ls-euro/cmp p1/ CIA The World FactB Book: https:// /www.cia.gov v/library/publications/the- -world-factbo ook Agency: http://www.inves Estonian Investment and Trade A n t stinestonia.co om Europea Commission: http://ec. an .europa.eu/in ndex_en.htm m Europea Information Technolog Observatio http://ww an gy on: ww.eito.com Global P Property Guid http://www de, w.globalprop pertyguide.co om/Europe/L Latvia/Price-H History http://ma agnet.aau.dk k/technicalap pproach Informat tion for Development Pro ogram: http://w www.infodev v.org Internatio onal Moneta Fund: http ary p://www.imf.o org Investop pedia, http://w www.investop pedia.com Nordic C Cooperation: http://www.n norden.org OECD: h http://www.oe ecd.org Statistics of Estonia 2009, http://w s www.stat.ee/ /29962 The Balt Times: htt tic tp://www.balt tictimes.com/ World Ba ank: http://ww ww.worldban nk.org/ World Ec conomic For rum: http://ww ww.weforum.org World Tr rade Organis sation: http:// /www.wto.org g/ 127 / 127

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