According to an equity research firm, the limits of the addressable market in mobile in Sri Lanka will be reached when 2 million more phones are connected. This conclusion needs further interrogation, but on first glance it looks like they have the mobile/per 100 number understated by about 1.1, which does not bode well for the veracity of their claims. For 4.3 million phones to give a mobile teledensity of 21.5, the population has to be 20 million. Last we heard, Sri Lanka had 19 million people.
“Sri Lanka’s mobile phone penetration is due to peak at 38 percent in 2008,
amidst regulatory bottlenecks to iron out crucial issues like interconnection and the management of frequency spectrum, an equity research report said Wednesday.
There are over 4.3 million mobile phone users in Sri Lanka for the six months
to June, according to Central Bank figures, with growth averaging at about 50 percent.
Growth has been led by falling handset prices and attractive tariff packages, which have helped cellular phone penetration (mobile connections per 100 people), climb to 21.5 percent in June from 17.09 percent at the start of 2006, stockbroker, Capital Alliance Securities said.”