:: Daily Mirror – FINANCIAL TIMES ::
The Services sector maintained its importance in the economy, recorded a 5.9 per cent growth and contributed 53 per cent to overall economic growth in the fourth quarter of 2005. This growth was largely driven by the performance in the post and telecommunications, domestic trade and financial services sub sectors.
Of these sectors, the Transport, storage and telecommunication sector expanded by 11.8 per cent during this period. The post and telecommunications sector which has continued to grow at a high pace, expanded further by 24.9 per cent in this quarter. With the latest CDMA technology, subscriber levels of Fixed Access – Wireless Local Loop phones increased by 159,162 new connections, a notable expansion for this category. The subscriber level of cellular phones expanded by 52 per cent and the mobile penetration ratio (Mobile connections per 100 people) was around 17.