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Spending on Telecom, Pay TV Services Hobbled by Inflation – IDC
International Data Corporation (IDC) Worldwide Semiannual Telecom Services Tracker, has reported that worldwide spending on telecommunication and pay TV services will reach $1,55-trillion in 2023, an increase of 3 per cent over 2022.
The latest forecast is one percentage point higher than the previous forecast published in May.
This is the third increase in the forecast in the last 12 months with inflation being the primary driver.
The geographic regions seeing above-average forecast revisions are the Middle East and Africa (MEA), and Latin America.
This is mainly a consequence of hyperinflation happening in countries such as Turkey, Uganda, Egypt, and Argentina where it has become normal to see quarterly ARPUs (average revenue per user) growing by more than 50% on a yearly basis.
On the other hand, expectations for the telecom services market in Western Europe have been lowered slightly primarily due to a worsened economic environment in a few key countries including Germany.
IDC believes this is the first sign of a new market force emerging that will put the current growth rates under pressure and slowly bring them down toward the end of the forecast period.
Inflation is certainly a global phenomenon, but the trends it shapes in different local markets vary significantly. In many countries, telecom operators were allowed by regulators to increase their tariffs (often applying a Consumer Price Index model), resulting in healthy service revenue growth on an annual basis.
In other countries, however, this move drove the accelerated migration of customers to cheaper tariff packages and cheaper operators so the value growth rates were much lower than the nominal tariff increases.
A third group includes countries such as Italy, where the competitive situation did not permit operators to do any tariff adjustments.
And among a fourth group of countries, mainly the developing countries in Eastern Europe and Africa, tariff increases were prevented by the populations’ low purchasing power.
An analysis by type of telecom services confirms that the well-known trends continue despite the changes in top-line forecasts.
Mobile is and will remain the largest segment driven by the growth in mobile data usage and machine-to-machine (M2M) applications which are offsetting declines in spending on mobile voice and messaging services.
The fixed data services segment will also grow driven by the need for higher bandwidth services will fall over the forecast period as rapidly declining TDM voice revenues are not being offservices. Spending on fixed voice set by the increase in IP voice.
The traditional Pay TV market will decline slightly over the forecast period due to the growing popularity of video on demand (VoD) and over the top (OTT) services, but these services will remain an important part of the multi-play offerings of telecom providers across the world.
Prices of all goods and services have been increasing for quite some time. Economic growth has recently started to decelerate following increases in central bank interest rates.
Consumers and businesses have been under pressure as they try to maintain a balance between rising costs and limited budgets. Although the elasticity of the telecom services is relatively low, and it is hard for customers to imagine everyday life without them, any excessive tariff increases might affect demand.
“Operators need to carefully evaluate every single market for tolerance to price increases,” said Kresimir Alic, research director, Worldwide Telecom Services at IDC.
“They should continuously assess and compare the product mixes, quality of services, pricing, and customer support capabilities of all supply-side participants. That information should help them find a magic percentage that will not scare the customers away, have positive impact on revenues, and help them maintain healthy margins in these turbulent times.”
Crime syndicates have made billions scamming victims in Asia and are now expanding their operations to Africa, Europe, South America and further, according to a United Nations report on Monday.
The UN said Chinese and Southeast Asian gangs were targeting victims through investment, cryptocurrency, romance and other scams.
According to the United Nations Office on Drugs and Crime (UNODC), cyberscams are now a sophisticated global industry, featuring sprawling compounds housing tens of thousands of mostly trafficked workers who are forced to con other people online.
“It spreads like a cancer,” said Benedikt Hofmann, UNODC Acting Regional Representative for Southeast Asia and the Pacific said. “Authorities treat it in one area, but the roots never disappear; they simply migrate.”
While the activity had largely been focused on the border areas in Myanmar, a country torn by civil war, and dubious “special economic zones” set up in Cambodia and Laos, UNODC reported networks are expanding their operations to South America, Africa, the Middle East, Europe and some Pacific islands.
“This reflects both a natural expansion as the industry grows and seeks new ways and places to do business, but also a hedging against future risks should disruption continue and intensify in Southeast Asia,” Hofmann added.
Countries in east and southeast Asia lost an estimated $37 billion (€32.5 billion) to cyber fraud in 2023, while the United States reported more than $5.6 billion (€4.9 billion) in losses the UNODC report said.
There were also raids in Cambodia, but they prompted the crime syndicates to move to “more remote locations” and border areas.
Cambodian government spokesman Pen Bona said the country is among the victims of the cyberfraud industry and is committed to fighting it.
According to Bona, the government has established an ad-hoc commission chaired by Prime Minister Hun Manet which seeks to boost law enforcement and legal tools while working with international partners and the UN.
UNODC urged the international community to act, saying it was at a “critical inflection point.”
According to the UN, staying aside would have “unprecedented consequences for Southeast Asia that reverberate globally.”
Consumer Advocacy and Empowerment Foundation (CADEF) a leading not for profit organisation in consumer rights and advocacy in Nigeria has announced a high-level Distributed Energy Resources (DER) Stakeholders’ Workshop scheduled to hold on Thursday, April 24, 2025, at The Providence Hotel, Ikeja GRA, Lagos.
Themed “Overcoming Barriers to a Sustainable Energy Transition”, the workshop aims to provide a platform for robust dialogue and action among policymakers, energy sector experts, investors, development partners, and clean energy advocates.
The Federal Government of Nigeria had in May 2015 approved the National Renewable Energy and Energy Efficiency Policy (NREEEP) as well as the National Determined Contribution (NDC), 2015, which seeks to increase the share of on-grid renewable energy in the total electricity supply from 1.3% in 2015 to 30% in 2030.
As Nigeria pursues its Vision 30:30:30 to generate 30,000MW of electricity by the year 2030, with 30% from renewable energy, CADEF with other experts in the sector will through the stakeholders workshop provide practical and scalable DER solutions, with sessions addressing access to Solar Financing and Investment Opportunities, DER integration strategies and grid resilience, policy and regulatory developments, emerging technologies and case studies.
Speaking ahead of the event, Prof. Chiso Ndukwe-Okafor, Executive Director of Consumer Advocacy and Empowerment Foundation (CADEF), stated: “This workshop is not just about dialogue, it’s about driving action. Distributed energy resources hold the key to unlocking sustainable and inclusive energy access, especially for underserved communities. Through this engagement, we aim to foster cross-sector collaboration and equip stakeholders with the tools and insights needed to scale solutions that work.”
Participants will gain first-hand insights from trailblazers in the clean energy space, while shaping policy and investment discourse on Nigeria’s energy transition. With a rapidly growing demand for reliable electricity, DER technologies such as solar mini-grids, battery storage, and hybrid systems are increasingly vital for Nigeria’s energy mix.
Lovelyn Okafor, CADEF’s Director of Programmes, emphasized the significance of the workshop: “The time is ripe to leverage distributed energy innovations to build a resilient and inclusive energy future. We are bringing together voices that matter, from grassroots change-makers to top-tier investors and government officials to spark lasting transformation.”
Consumer Advocacy and Empowerment Foundation has been at the fore, driving change in the renewable energy sector through some key innovative interventions such as the unveiling of the Distributed Energy Resources (DER) one-stop shop at der.cadefng.org in 2024, a digital platform created to revolutionize how stakeholders and businesses across the DER ecosystem perceive, access and manage energy solutions.
CADEF also announced the launch of the greenlabs programme in collaboration with Jacob’s Ladder Africa, an initiative designed to inspire, equip, and empower young Nigerians to create sustainable, climate-smart solutions that address critical environmental and socio-economic challenges.
Sessions during the workshop will include a live demonstration of the newly launched DER platform (Renew Energy Naija) at DER.CADEFNG.ORG, panel discussions on financing and incentives, public-private partnerships and international collaborations.
CADEF believes that by strengthening multi-stakeholder collaboration, Nigeria can unlock the full potential of decentralized renewable energy, boost energy access, and empower millions of underserved households and businesses.
The workshop is strictly by confirmed registration and part of CADEF’s broader commitment to advancing energy equity and sustainability through advocacy, innovation, and capacity building.
For inquiries or partnership opportunities, please contact: info@cadefng.org | +234 (0) 7088873723
Securities and Exchange Commission (SEC) has issued a stern warning to social media influencers, bloggers, and celebrities, urging them to desist from promoting unregistered and fraudulent investment schemes. The warning was issued by the SEC’s Director-General, Dr Emomotimi Agama, in a notice released on Sunday in Abuja.
Dr Agama noted that the Commission is working in close collaboration with the Economic and Financial Crimes Commission (EFCC), the Nigeria Police Force, and other relevant government agencies to identify and prosecute those found guilty of flouting investment regulations.
Highlighting the provisions of the newly enacted Investments and Securities Act (ISA) 2025, Dr Agama said the law specifically targets the promoters of unregistered investment schemes, including individuals who use their platforms to endorse such ventures.
“The law also covers influencers and bloggers who promote fraudulent schemes, with clear penalties, including imprisonment,” he stated.
Citing the recent collapse of CBEX—a digital investment platform accused of defrauding Nigerians of over ₦1.3 trillion—Agama described the incident as a stark reminder of the dangers posed by unregulated financial platforms. CBEX allegedly promised unrealistic returns and falsely claimed international partnerships.
“The collapse of CBEX underscores the urgency of our crackdown. We are shutting down their operations, and the promoters will face the full weight of the law,” he added.
Agama reiterated the Commission’s resolve to protect investors and develop Nigeria’s capital market. He urged Nigerians to verify any investment opportunity with the SEC before committing their money, advising: “If it sounds too good to be true, it probably is.”
He also reassured the public of the SEC’s capability to detect and shut down Ponzi schemes, stating, “We have dealt with similar schemes in the past and will continue to do so, leveraging the powers of the ISA 2025 to safeguard investors.”
In a bid to strengthen regulatory oversight, the SEC has established dedicated departments tasked with monitoring market activities and conducting inspections aimed at detecting irregularities early.
“These proactive measures are designed to prevent large-scale frauds like CBEX from recurring,” Dr Agama said.
He concluded by emphasising the significance of the ISA 2025 as a critical tool in securing the Nigerian investment landscape and building a resilient and transparent financial market.
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