CCR Short Takes
News | 12/07/2000 5:00 am EST
Cable industry contributes $3.1 billion in ICT revenue
Cable TV contributed $3.1 billion of the $116.4 billion in revenue generated by Canada’s information and communications technologies industries in 1998, according to new statistics released by Industry Canada’s ICT branch. The CATV industry ranked #7 on the list, with telecom services hitting the #2 spot with $28.5 billion in revenue that year. The top money-maker was ICT wholesaling, which contributed $38.6 billion in 1998. In comparison, software and computer services generated $15.3 billion, telecom and other communications equipment $11.8 billion and electronic parts and components $6.9 billion. The data also shows that ICT services (cable/telecom services, ICT wholesaling, software/computer services, office machinery rental/leasing) accounted for 73% of all ICT revenues in 1998. Of the $4.7 billion projected to be spent on R&D in 2000, telecom and cable services are expected to contribute the lowest amount, at 2.3%. The largest R&D contributor will be telecom equipment makers, forecast to reach 48.9%.