Growth in voice volumes offsets price declines

Efforts from operators to stimulate voice usage have led to a decline in effective price per minute. Minutes of use per user per month have grown at a steady pace in the second quarter of this year in most regions, with Europe and Asia Pacific showing approximately 15% yearly growth. In contrast, effective price per minute has declined by more than 10% in both regions over the same period. As a result, operators are increasingly trying to migrate their prepay subscriber base to contracts, although convergence trends appear to be changing competition dynamics.