DUBLIN, February 18, 2016 /PRNewswire/ --
The global mobile phones market is expected to reach a value of USD 440.9 billion by 2019, according to a recent report available from Research and Markets. The report notes that the performance of the market is forecast to decelerate, with a predicted 2.7% CAGR growth for the 2014-2019 period. As the market slows companies will be forced to seek funds through alternative means, and Vodafone Group Plc today revealed plans to raise around USD 4.1 billion by selling mandatory convertible bonds.
Vodafone's bonds will be split and issued in two parts, the first with an 18-month maturity and the second with a three-year maturity. Vodafone is one of a number of European mobile phone companies utilizing assets to save money and respond to a growing market that seeks TV, broadband and wireless services from the same provider.
The global 3G and 4G-enabled mobile devices market is set to grow at a CAGR of 7.91% by 2019, as noted in a recent report. The report states that increasing adoption of IoT for use connecting electronic devices is boosting growth in this market.
Another report predicts the global wireless network infrastructure market will be worth USD 92 billion by 2020, due to investment in new infrastructure networks from wireless carriers including Vodafone. The report suggests an additional USD 5 billion in R&D investments on 5G technology.
Vodafone's plan to raise USD 4.1 billion in funds is a clear sign of the telecommunications company's understanding of the changing telecom market and its technological advancements.
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SOURCE Research and Markets