Growth in the telecommunication sector is primarily driven by fast and continuing technological developments and increased demand from a growing middle class. To meet this strong demand, governments in the Region have largely dismantled or breaking down state-owned monopolies and are organizing spectrum auctions to foster greater competition. Private operators are investing in infrastructure to improve cellular phone coverage and offer wider internet and data access.

In the context of these attractive sector dynamics, LAP has identified and invested in various opportunities in the sector. LAP sees opportunities in telecommunications and related sectors such as IT outsourcing and data centers.