Voice telephony revenues in Europe declining 3% annually through 2008, says IDC.

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M2 PRESSWIRE-9 February 2005-IDC: Voice telephony revenues in Europe declining 3 annually through 2008, says IDC(C)1994-2005 M2 COMMUNICATIONS LTD RDATE:02082005 LONDON - According to a recent study by IDC, revenues from voice telephony are now declining in most European countries. This is due to a decline in connections and traffic revenue resulting from mobile substitution, dial-up broadband migration which offers unlimited use for a flat-rate monthly subscription, and increasing competition from both traditional voice carriers and those offering voice over IP (VoIP).

IDC estimates that due to the above trends, the European fixed-voice market will decline from $108 billion in 2003 to $95 billion by 2008, which represents a compound annual growth rate...