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Caribbean Telecommunications Report Q1 2016

Caribbean Telecommunications Report Q1 2016

BMI View: Digicel's eventual initial public offering (IPO) plans bode well for the future of the Caribbean regional telecommunications market as additional funds raised in the initial stock offering will allow investment into next-generational networks and help expand the market further.

While IPO plans are presently on hold at the eleventh hour, it also demonstrates the saturated nature of the telecoms industry in the Caribbean, with revenue and subscriber growth flattening.

A key downside risk is the company's exposure to weak consumer spending trends in its core markets, an issue that could undermine investor confidence further down the line.

Haiti and Cuba represent the largest organic growth opportunities in the region, as both are significantly underdeveloped compared to their peers.

However, the risks associated with business in these two markets mean that a mobile subscription boom is far from likely.

Key Data:

Cayman Islands has the highest mobile penetration at over 160%, while Cuba's penetration rate will remain below 28%.

The number of mobile lines in Cuba reached the 3mn mark in April, up from 2.4mn lines at the start of 2015, according to data published by state-owned telecoms operator Empresa de Telecomunicaciones de Cuba (ETECSA).

The increase was mainly owing to a promotion, called Si activas ganas 30, wherein new users obtained USD30 in credit for activating a line for the same amount.

ETECSA revealed that 300,000 new mobile subscribers signed up in just five days due to the promotion.

Digicel Jamaica currently has 1mn smartphone users on its mobile network, which accounts for more than 45% of the operator's overall subscriber base in Jamaica.

Haiti and Cuba will both be excellent growth markets over the course of our forecast period.


BMI Industry View
SWOT
Industry Forecast
Bahamas
Table: Telecoms Sector - Historical Data & Forecasts (Bahamas 2012-2019)
Barbados
Table: Telecoms Sector - Historical Data & Forecasts (Barbados 2012-2019)
Bermuda
Table: Telecoms Sector - Historical Data & Forecasts (Bermuda 2012-2019)
Cayman Islands
Table: Telecoms Sector - Historical Data & Forecasts (Cayman Islands 2012-2019)
Cuba
Table: Telecoms Sector - Historical Data & Forecasts (Cuba 2012-2019)
Dominican Republic
Table: Telecoms Sector - Historical Data & Forecasts (Dominican Republic 2012-2019)
Haiti
Table: Telecoms Sector - Historical Data & Forecasts (Haiti 2012-2019)
Jamaica
Table: Telecoms Sector - Historical Data & Forecasts (Jamaica 2012-2019)
Puerto Rico
Table: Telecoms Sector - Historical Data & Forecasts (Puerto Rico 2012-2019)
Trinidad & Tobago
Table: Telecoms Sector - Historical Data & Forecasts (Trinidad & Tobago 2012-2019)
Telecoms Risk/Reward Index
Industry Risk Reward Index
Table: Latin Americas Telecoms Risk/Rewards Index - Q1 2016
Market Overview
Bahamas
Key Developments
Mobile Growth
Cable Bahamas New Favourite For Second Licence
Table: Bahamas Mobile Market, March 2015
Fixed Line
Broadband
Barbados
Key Developments
Mobile Growth
Networks
Table: Barbados Mobile Market, December 2014
Fixed Line
Broadband
Table: Barbados Internet Licence Holders
Bermuda
Duopoly Will Maintain Market Momentum
Fixed Line
Broadband
Table: Previous Licence Assignments By Class
Cayman Islands
Fixed Line
Broadband
Cuba
Key Developments
Mobile Growth
Table: Cuba Mobile Market, March 2015
Fixed Line
Broadband
Dominican Republic
Key Developments
Mobile Growth
Fixed Line
Broadband
Haiti
Key Developments
Mobile Growth
Fixed Line
Broadband
Jamaica
Key Developments
Mobile
Fixed Line
Broadband
Puerto Rico
Key Developments
Mobile
Fixed Line
Broadband
Pay-TV
Trinidad & Tobago
Key Developments
Mobile Growth
Fixed Line
Broadband
Table: Trinidad & Tobago Fixed Internet Market
Regulatory Development
Regulatory Environment And Industry Developments
Table: Caribbean Telecoms Regulators
Competitive Landscape
Table: Key Players - Caribbean Telecoms Sector
Company Profile
Digicel
LIME (Cable & Wireless Communications)
Demographic Forecast
Table: Population Headline Indicators (Barbados 1990-2025)
Table: Key Population Ratios (Barbados 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Barbados 1990-2025)
Table: Population By Age Group (Barbados 1990-2025)
Table: Population By Age Group % (Barbados 1990-2025)
Demographic Forecast
Table: Population Headline Indicators (Bahamas 1990-2025)
Table: Key Population Ratios (Bahamas 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Bahamas 1990-2025)
Table: Population By Age Group (Bahamas 1990-2025)
Table: Population By Age Group % (Bahamas 1990-2025)
Demographic Forecast
Table: Population Headline Indicators (Cuba 1990-2025)
Table: Key Population Ratios (Cuba 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Cuba 1990-2025)
Table: Population By Age Group (Cuba 1990-2025)
Table: Population By Age Group % (Cuba 1990-2025)
Demographic Forecast
Table: Population Headline Indicators (Dominican Republic 1990-2025)
Table: Key Population Ratios (Dominican Republic 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Dominican Republic 1990-2025)
Table: Population By Age Group (Dominican Republic 1990-2025)
Table: Population By Age Group % (Dominican Republic 1990-2025)
Demographic Forecast
Table: Population Headline Indicators (Haiti 1990-2025)
Table: Key Population Ratios (Haiti 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Haiti 1990-2025)
Table: Population By Age Group (Haiti 1990-2025)
Table: Population By Age Group % (Haiti 1990-2025)
Demographic Forecast
Table: Population Headline Indicators (Jamaica 1990-2025)
Table: Key Population Ratios (Jamaica 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Jamaica 1990-2025)
Table: Population By Age Group (Jamaica 1990-2025)
Table: Population By Age Group % (Jamaica 1990-2025)
Demographic Forecast
Table: Population Headline Indicators (Puerto Rico 1990-2025)
Table: Key Population Ratios (Puerto Rico 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Puerto Rico 1990-2025)
Table: Population By Age Group (Puerto Rico 1990-2025)
Table: Population By Age Group % (Puerto Rico 1990-2025)
Demographic Forecast
Table: Population Headline Indicators (Trinidad & Tobago 1990-2025)
Table: Key Population Ratios (Trinidad & Tobago 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Trinidad & Tobago 1990-2025)
Table: Population By Age Group (Trinidad & Tobago 1990-2025)
Table: Population By Age Group % (Trinidad & Tobago 1990-2025)
Glossary
Table: Glossary Of Terms
Methodology
Industry Forecast Methodology
Sources
Risk/Reward Index Methodology
Table: Risk/Reward Index Indicators
Table: Weighting Of Indicators

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