- 65% of the world’s population remains unconnected to the internet
- Wireless can be delivered using low cost infrastructure – GSM and LTE/WiFi
- Small cell market equipped to meet needs of developing world
Market penetration limited by costly supply chain and vendor dominance
- Extensive, complicated supply chain for infrastructure = margin stacking
- Few OEMs control majority of market with operators locked into platforms
- ARPU potential not enough to justify CAPEX or OPEX provision