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Telecom fading, wireless still strong, but overall growth down, according to Fast 50

News | 09/25/2008 7:49 pm EDT

Low levels of venture capital (VC) funding in the telecommunications and wireless sectors over the past several years have led to a steep decline in the overall growth levels, according to this year’s Deloitte Technology Fast 50. It could signal the end of the hyper growth experienced by Canada’s technology sector over the last number of years. On average, there was a drop of about 1,000% in five-year revenue growth figures in this year’s edition compared to the 2007 Fast 50.

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