Tag Archives: Mongolia Internet

Mongolia’s IT Sector Continues to See Rapid Growth

Mar. 21 – Mongolia’s internet sector is considered to be one of the most rapidly expanding sectors in the country, according to market research conducted by local Frontier Securities. The number of internet subscribers in the country increased 10-fold from 2006 to 2009 – from around 10,000 to over 100,000. Estimates grew to 199,000 subscribers by the end of 2010 due in part to falling costs as the market expands. According to Frontier Securities data, the wholesale price connection has dropped from US$3,250 per 1 Mbps in 2004 to US$80 in 2011.

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