asian emerging marketsmajor service providers korea kt skt ktf lgt hanaro china telecom unicom mobile india bharti reliance tata philippines pldt smart globe digitel indonesia pt telkom satelindo malaysia tm maxis celcom major trends nominal growth in the wireline subscribers 6 8 yoy marginal broadband services approaching saturation at 70 household penetration explosive business subscriber 30 continued strong thailand driven by downward pressure on tariffs deregulation dramatic reduction handset prices declining arpus despite increased airtime usage revenue & eps decelerating 1q2003 was 5 down from 10 4 4q2002 1q 2003 0 significant cutbacks capital expenditure most operators are delaying plans for 3g deployment resilient ebitda realistic valuations s three wireless sk 18 5m subs 54 market share freetel 32 lg 9m 14 nature of competition is shifting capturing to retention and organic govt mandated ban subsidies difficult achieve differentiation basis technology competitive edge depends
