TechnologyUK plc set to spend

UK plc set to spend

Medium and large companies in the UK are set to increase strategic programme expenditure in 2002, says Mentor.

Research by the skills company has found the downturn in the global economy has forced UK companies to shore up their financial and market positions for the foreseeable future. The majority of these businesses are looking to consolidate current assets and integrate internal infrastructures in order to reduce costs and increase competitiveness.

David Hilliard, chief executive of Mentor commented: “The big network rollouts in the telecoms sector and aggressive expansion in the IT market are a thing of the past.”

“While we do not expect to see continued investment in areas such as 3G and enterprise networks, most companies will be looking for help in managing their assets rather than investing in new ones.”

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