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Report: Philippine growth could continue on multiple subscriptions

MANILA, The Philippines-Growth in the Philippine wireless sector is seen to subside by year-end, yet there is still space for new players as many subscribers continue to subscribe to more than one operator, according to a study by Westlink Global Equities, a locally based stockbrokerage firm.

In particular, the cellular market is already approaching the so-called saturation point, but the multiple subscriber identity module (SIM) card phenomenon is helping growth continue. It added that while a one-SIM card basis will soon reach its peak, it will take another one and a half to two years before the market is saturated on a multiple SIM card basis.

Similarly, cellular growth in the Philippines will most likely slow down in the remaining half of the year after reaching a penetration rate of 14 percent as of end-2001.

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