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Total Telecom: LTE subscribers to reach 428m by 2016 - Juniper Research

Growth to be fueled by enterprises in next few years, but consumers to take over by 2015.

LTE subscribers will reach 428 million worldwide by 2016, up from almost 11 million this year, according to a new report published by Juniper Research on Tuesday.

However, despite that significant increase, which amounts to a compound annual growth rate of almost 110%, LTE will still only account for 6% of global mobile subscriptions, the analyst firm said.

"North America, along with Western Europe, will be the most advanced region globally for LTE mobile broadband users," Nitin Bhas, research analyst at Juniper Research, told Total Telecom in an email. "The slowest growth rate is expected in Latin America, Central and Eastern Europe, followed by the Indian subcontinent."

He noted that the high growth rate stems in no small part from the present low LTE subscriber base in many regions.

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