NEW YORK, NY--(Marketwire - Oct 31, 2012) - The telecom industry has performed well this year as service providers continue to deliver growth, which has been driven by smartphone demand. Global Industry Analytics (GIA) argues that the market size of the global telecommunications industry might reach $1.8 trillion in the next three years. Five Star Equities examines the outlook for companies in the Telecom Industry and provides equity research on Sprint Nextel Corporation (NYSE: [ S ]) and Verizon Communications Inc. (NYSE: [ VZ ]).

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A recent report from research firm Strategy Analytics has shown that the number of smartphones in use in the third quarter of 2012 surged 47 percent, from the year-ago quarter, to 1.03 billion. Nokia introduced the first smartphone in 1996 and it has taken the smartphone industry 16 years to top the 1 billion mark. According to Strategy Analytics that number is expected to double to 2 billion by 2015.

"Smartphone penetration is still relatively low," Neil Mawston, London-based executive director at Strategy Analytics, said in the statement. "Most of the world does not yet own a smartphone and there remains huge scope for future growth, particularly in emerging markets such as China, India and Africa."

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Japanese mobile carrier Softbank earlier this month agreed to purchase a 70 percent stake for approximately $20 billion. Sprint reported a narrower third quarter loss than analysts had expected. For the third quarter of 2012 the company reported a loss of $0.26 per share, while analysts had predicted a loss of $0.43 per share according to Bloomberg. CEO Dan Hesse stated on a conference call that the company sold 1.5 million iPhones, and is on track to fulfill its $15.5 billion purchase agreement with Apple.

Verizon Wireless operates America's most reliable wireless network, with nearly 96 million retail customers nationwide. The company recently reported a third consecutive quarter of double-digit percentage growth in year-over-year earnings, driven by a strong performance from the company's wireless business. During the third quarter Verizon sold 6.8 million smartphones.

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