Recession dampens global telecoms growth in 1Q, but India & China don’t seem to have noticed

* The Top 20 global service providers generated USD251 billion in revenues during the first three months of 2009; 3% up on Q108 but 1% down on Q408

* The Top 10 telecoms technology vendors generated USD59 billion in revenues during the quarter; 5% down from Q108 and a whopping 15% down from the last quarter

* Wireless subscriber additions in the quarter fell off the pace a little as 153 million net new subscribers were added, 10 million fewer than in Q408

* No less than 48% of Q1 wireless growth came from India and China which enjoyed an exceptional quarter; growth slowed in many other markets with Western and Eastern Europe being particularly slow. Countries like France, Germany, Italy, Poland, Ukraine

* Broadband subscriber additions during the quarter came in 14 million, in line with Q408 additions. China accounted for 30% of global growth; the United States was the only other country to add more than 1 million subscribers in the quarter

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