Sorry!! The article you are trying to read is not available now.
Politics And Regulation
Trading And Investing
How To Trade
How To Invest
Wall Of Worry
Hoofy & Boo
From The Buzz & Banter
MV Education center
t3 live subscriptions
The Affair Between Europe, Mobile Phones Is Ending
June 22, 2012 04:25 PM
IT'S NOT YOU, IT'S ME
All across the troubled European Union, mobile phone providers are running scared. It seems Europeans are ditching their
and not getting new ones.
April was a bad month for Spanish mobile phone operators like
), as they lost approximately 380,000 customers. This is the third month in a row that the Spanish mobile phone user base has declined.
The poor and unemployed of Spain are now finding that austerity plays havoc with a cell phone plan. Even the prepaid market is taking a hit, something which was
when subscription plans predictably tapered off.
In the first quarter of 2012, the Dutch mobile market shrunk 2.7%, despite a rising mobile penetration. Vodafone experienced a slight revenue increase, while the company and T-Mobile managed to take some revenue from their main competition Royal KPN NV.
However, there are a few bright and slightly discounted spots on the horizon. Provider T-Mobile decreased its data roaming charges for United Kingdom residents traveling across the EU. The costs of accessing the internet on a smartphone or tablet will be greatly reduced on
. A European Union ruling was made to ensure UK residents going on holiday in other countries would not unexpectedly run up a monstrous bill.
In France, the misleadingly named Free Mobile has gained a significant customer base since launching earlier this year. In the short time it’s been operational, Free has brought in
new customers. The very cheap mobile provider is now ranked fourth largest in France behind Bouygues Telecom in third, SFR in second, and
) at the number one spot.
Plus, Europe will get the messiah of phones,
) iPhone 5, in a few months. The smartphone is launching in a tough market, but it might be the thing to reinvigorate Europe’s waning mobile love.
No positions in stocks mentioned.
IPHONE 5 RELEASE DATE
SAMSUNG GALAXY S3
IPHONE 5 DATE
See All Tickers »
More From Minyanville
Trading and Investing
MV Education Center
Buzz & Banter
Cooper's Market Report
The Options Strategist
Directory of Terms
T3 Live Subscriptions
Buzz and Banter.com
Ruby Peck Foundation
Terms and Conditions
Follow Minyanville on Facebook
Follow minyanville on Twitter
Follow Minyanville on Linkedin
Subscribe to Our RSS Feed
©2017 Minyanville Media, Inc. All Rights Reserved