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| Countries covered: Venezuela The telecom market's growth in Venezuela will slow down in the next few years, following a period of astonishing growth in recent years that resulted from strong growth in penetration of both mobile and fixed telecom services. Pyramid Research expects the telecom market (including pay-TV) to grow at a CAGR of only 2.9% over the next five years, from $10.3bn in 2009 to $11.9bn in 2014. The total market evolution will be negatively influenced by fixed and mobile voice price pressures, the result of mobile penetration nearing saturation levels and of tariff reductions driven mainly by Cantv and Movilnet. This will result in fixed and mobile voice revenue decreasing at CAGRs of -3.2% and -1.2%, respectively, between 2009 and 2014. Future growth will be driven by fixed broadband, mobile data and pay-TV, which will grow at CAGRs of 14.2%, 12.2% and 6.9%, respectively. |
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