The worldwide recession predictably slowed down the global telecommunications market as wireless carriers, broadband providers and data-center owners struggled with falling profits and a lack of sufficient capital to fund expansions or upgrades. While financial markets remain unsteady, international firms say the industry is poised to rebound next year as companies resume plans to invest in networks and facilities. Photo: STRABAG SE STRABAG SE, Vienna, Austria, is working on 32 new call-center projects throughout Germany, scheduled for completion in 2011. Related Links: View more industry sectors from ENR's 2009 Global Sourcebook View complete Global Sourcebook with market data and analysis
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.