The telecommunications industry comprises many aspects, which broadly include broadband, infrastructure equipment, white space spectrum, telephone service producers, 5G, and mobile virtual network operators. In fact, it is projected that the 5G technology and white space spectrum will proliferate from 2023 to 2040. Even foreign direct investment has also contributed to the telecom industry. Low prices and greater availability primarily drive the industry's exponential expansion over the past several years, the roll-out of Mobile Number Portability (MNP), growing 4G & 5G coverage, altering subscribers' consumption habits, and a favorable regulatory environment.
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