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Omnicity Corp. (OMCY.OB) Riding the Broadband Wave
QualityStocks (November 17th, 2009) Writes:
Omnicity Corp., known for bringing wireless broadband services to rural America, is on top of one of the biggest waves in telecommunications, the rapid expansion of broadband services outside of the traditional urban and suburban base areas.
It goes without saying that the communications industry is the nervous system of today’s economy, generating global annual revenues of nearly $2 trillion. North America remains the largest telecommunications market, with revenues of over $½ trillion. Much of this, of course, is due to the continued growth of the Internet. Worldwide, there are now nearly 1½ billion Internet users. Data-intensive Internet applications such as Voice-over-Internet Protocol (VoIP) and video are key drivers in the telecommunication industry’s growth, providing increased demand for high-speed broadband capabilities.
The number of broadband connections is increasing rapidly as vendors and consumers require the ability to share large files, download
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Egypt’s benchmark CASE 30 stock index, the EGX 30, gained 2.2% yesterday, primarily on the strength of its telecoms and specifically rumors that a row between Mobinil shareholders will soon be resolved. Orascom Telecom (OT) and France Telecom have been engaged in battle over their joint holding in Mobinil–one of three mobile operators in the most populous Arab country–since the two sides went to court in 2007. OT had previously stated that it considers the deal ordered by an international arbitration court in March to sell its 28.75% stake in Mobinil to France Telecom “null and void” after the French company failed to meet a deadline to transfer certain funds in time.
As the economy continues to suffer from lower consumer confidence and weaker consumer spending, many believe that the retail sector has taken a beating from these weaknesses. One segment related to retail is eCommerce, an online version of retail that can be seen with companies such as Amazon.com Inc. [
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