Wireless Isn’t Going Anywhere—Invest NowComments Off on Wireless Isn’t Going Anywhere—Invest Now
Even though it seems that everyone is connected through mobile phones, there are approximately 1 billion people in the world that do not own a cell phone according to Kerry McQueeney of the Daily Mail. This means that wireless services aren’t going anywhere. They will continue to expand until they reach remote parts of the globe connecting people in a way they never thought possible. If you are looking at investment opportunities, you should consider the wireless tower industry.
Communication towers are being constructed all over the world, especially in the United States, in order to meet the demand for mobile communication. So much of our daily life takes place online, which many people now access via their cell phones. Without these communications towers, accessing this technology on the go wouldn’t be possible.
Tim Beyers of the Daily Finance strongly urges you to invest in American tower. “Analysts see American Tower growing its earnings base by about 25% annually over the next five years,” Beyers notes. It was estimated that there were 6.6 billion mobile phone subscribers worldwide at the end of 2012, and this number has been increasing approximately 9% each year. This trend suggests that the need for mobile broadband and communications is only going to increase. More and more devices, like tablets, are being connected to the 3G and 4G mobile networks in order to access the Internet anytime, anywhere.
“I’m not expecting a let-up anytime soon. Why? There’s just too much business online. A June study published by eMarketer put total 2013 e-commerce sales at $1.2 trillion for the full year, with emerging markets such as Indonesia experiencing the fastest growth. The entire Asia-Pacific region is on track to produce $388 billion in online sales, up 23% year over year,” Beyers explained.
With so much information moving online along with the ability to communicate with people across the world, watch TV, listen to music, and purchase almost anything you could ever want the wireless industry isn’t going anywhere for the time being. The top tower companies in the United States will continue to build up their infrastructure in order to keep up with demand.