Overview Information and Communication Technology Sector in Mongolia
Introduction
Mongolian Information and Communication Technology (ICT) sector is thriving, with rising revenue each year. According to the NSO, the total revenue of the telecommunications sector reached MNT 1.7 trillion, an 8 percent increase compared to last year. This increase is largely due to an increase in wireless telecommunications revenue.
Mobile phones are common, with provincial capitals all having 4G access. Wireless local loop is another technology that has helped Mongolia increase accessibility to telecommunications and bypass fixed-line infrastructure. For Internet, Mongolia relies on fiber optic communications with its Chinese and Russian neighbors.
Thriving Telecoms and IT Sector
With the fast growth of ICT`s total revenue each year, new interest from foreign investors will develop higher-speed network and build competitive network to global markets. Since it was liberalized in the early 1990’s, Mongolia’s telecommunication sector has grown rapidly.
The sector has the potential to attract a considerable amount of FDI, to facilitate new activity, faster and better services. With the high mobile penetration rate, subscriber growth is widely expected to slow or plateau in the coming years.
The government has taken on a key role in this area, introducing a number of large-scale, long-term development plans aimed at ensuring steady improvements in both the reach and the quality of national telecoms networks. The government is fully behind the blossoming IT industry.