Hispanics and Other Ethnic Markets Will Spend $56 Billion on Telecommunications, says

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BOONTON, N.J., March 10 (SEND2PRESS NEWSWIRE) -- In 2009, U.S. ethnic communities will spend $56.6 billion on telecom services, accounting for nearly one-third of all residential telecom expenditures, according to a new market research study from The Insight Research Corporation. The largest minority group, Hispanics, representing 15.7 percent of the total U.S. population, will spend the most. The ability to tap into the increased spending power of the Hispanic-American will be crucial to the survival of telecom providers over the next five years.

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