feng3

Third, we attempt, where possible, to identify objective indicators that may serve as proxies for issuestrends to avoid subjectivity. Finally, Links of London use BMI’s proprietary Country Risk Ratings CRR in a nuanced manner to ensure that only the aspects most relevant to the Telecoms Industry are incorporated. Overall, the system offers an industryleading, comparative insight into the opportunitiesrisks Links of London Q Charm companies across the globe. Ratings System Conceptually, the ratings system divides into two distinct areas Rewards evaluation of sector’s size and growth potential in each state, and also broader industrystate characteristics that may inhibit its development, such as the broader economicsociodemographic environment. Risks evaluation of industryspecific dangers regulatory and competitive issues and those emanating from the state’s politicaleconomic profile that call into question the likelihood of anticipated returns being realised over the assessed time period. Indicators The following indicators have Links of London P Charm used. Overall, the rating uses three subjectively measured indicators, and around separate indicatorsdatasets. Table Ratings Indicators Indicator Rationale Rewards Industry rewards ARPU Denotes depth of telecoms market. Highvalue markets score better than lowvalue ones. No. of subscribers Denotes breadth of telecoms market. Large markets score higher than smaller ones. Subscriber growth, Denotes sector dynamism. Scores based on annual average growth over our fiveyear forecast yoy period and also take into account the penetration rate. Subjective evaluation against BMIdefined criteria. Evaluates market openness Links of London o Charm No. of operators competitiveness. Overall market structure score also affected by telecoms sector tax rate and, where relevant, broader security issues. Country rewards A highly urbanised state facilitates network rollout and implies higher wealth.