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A Market Segment with Influence

Millennials: Move over Baby Boomers, the Millennials are here:
A Market Segment with Influence

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Thursday, December 13, 2007

Connected and aware some 234 million people worldwide known as the Millennials are the next big market segment service providers need to tackle. Millennials have as much clout as Baby Boomers do, and will continue to exert influence in the market for decades to come. Millennials want personalized, flexible services, and they are willing to pay for them. They represent a roughly USD 10 billion market by 2011.To meet these demands and benefit from this market segment, service providers will need a network infrastructure that will deliver next generation IP-based services and offer personalized, blended services. This will help them retain existing customers, attract new ones and increase their ARPU. 

With Alcatel-Lucent as a strategic business partner, fixed and mobile service providers can create networks that deliver personalized, blended services, allowing them to transform their networks to address the enormous revenue potential the Millennials offer.

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