Credit Availability

It is important to note that many of our addressable markets are not subject to consumer credit issues and therefore the overall consumer credit situation experienced in the global economy is not expected to directly influence these consumers.

What this means is that the growth rate in respect of Telecoms base stations and other related infrastructure is expected to be larger than the growth in end-user penetration.  This is because as in most markets, the infrastructure is insufficient for the current subscriber base. The required technology upgrades will add further exponential growth.