-FROST & SULLIVAN: Currency crisis hits the satellite communications market hard in Asia.

0 Comments | M2 Presswire, October, 1998

M2 PRESSWIRE-5 October 1998-FROST & SULLIVAN: Currency crisis hits the satellite communications market hard in Asia (C)1994-98 M2 COMMUNICATIONS LTD RDATE:021098 The booming growth of the Asian satellite communications market that took place from 1994-97 has ceased, at least for now. Many factors, particularly the currency crisis, have abruptly halted the massive expansion of this new, dynamic market.

However, the rapid surge of the past is expected to repeat in the near future, and lingering opportunities still exist in certain large countries that have been comparatively insulated from the economic turmoil their neighbours are enduring. According to a new strategic research study by Frost & Sullivan (www.frost.com *M2 COMMUNICATIONS DISCLAIMS ALL...