GO
Loading...

Prop Desk: Global Broadband Boom

Wednesday, 17 Jun 2009 | 5:59 PM ET

If you think the recession has taken a bite out of broadband growth – think again. The market’s on fire!

When we talk about broadband, we’re talking about fast internet access. And new figures released by the Broadband Forum show that there are 429.2 million broadband lines globally as of the end of Q1 2009.

And nowhere on earth is that growth more robust than in Asia.

According to the website TelecomAsia.net, Asian customers now account for 45% of all broadband connections. Just take a look at the growth:

Broadband Growth in Asia
Percentage ChangeQ1 2009 vs. Q1 2008

Indonesia + 142%
India + 69%
Philippines + 61%
Vietnam + 49%
China + 24%
Worldwide + 4%

Source: Broadband Forum

Broadband Booming
What's behind the global broadband boom, with the Fast Money team.

In fact, they say China has now surpassed the US as the world's biggest market. Considering the explosion – how can you trade the trend?

OptionMonster Jon Najarian has some thoughts. He thinks Cisco, wins for supplying servers and routers. Also he suggests Sina and Shanda Interactive which provide content, largely for an Asian audience.

Tim Seymour prefers playing the broadband growth in China with China Unicom and China Mobile.

______________________________________________________
Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our website send your e-mail to fastmoney@cnbc.com.

Trader disclosure: On June 17th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (C), (GS), (BTU), (AGU), (INTC), (MSFT), NUE); Najarian Owns (V), (CSCO); Najarian Owns (C) Preferred; Najarian Is Short (POT) Puts; Najarian Is Short (WFC); Seymour Owns (AAPL), (BAC), (BX), (EEM), (FXI), (F), (IYT); Terranova Owns (SDS), (XBI), (TER), (BTU), (ABT), MSFT); Terranova Is Short (XOM) Call Spread; Terranova Is Short (GENZ) Call Spread; Terranova Is Short (OIH)& (OIH) Puts; Terranova Is Short (RIG)& (RIG) Puts; Terranova Is Short (FCX)& (FCX) Puts; Terranova Is Short (RIMM)& (RIMM) Puts; Terranova Is Short (GENZ)& (GENZ) Puts; Terranova Is Short (IBM) Calls; Terranova OWns (BRCM) & Is Short (BRCM) Calls; Terranova Owns (POT)& Short (POT) Calls; Terranova Is Short (JPM)& Is Short (JPM) Calls; Terranova Owns (MS) & Short (MS) Calls; Teranova Owns (X) & Is SHort (X) Calls; Terranova OWns July Nat Gas Futures; Terranova Owns (DIS) Octovber Call Spread

  Price   Change %Change
941
---
762
---
CSCO
---
SINA
---

Featured

Contact Fast Money

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET
  • Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”

  • Scott Wapner is host of the "Fast Money Halftime Report," which airs weekdays from 12 p.m. to 1 p.m. ET.

  • Guy Adami is a contributor on CNBC's "Fast Money." He also is managing director of stockMONSTER.com.

  • Najarian, the "Pit Boss," is cofounder of optionMONSTER.com, a news site for options traders.

  • Finerman is president of Metropolitan Capital Advisors, Inc., a company she co-founded.

  • Founder of EmergingMoney.com

  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

Halftime Report