Peru Telecommunications Report Q2 2016
BMI View: The launch of Bitel, offering low cost, prepaid services, while Entel has adopted an aggressivestrategy that will increase competition. Meanwhile, Azteca's Fibre Optic Backbone Network, set to becompleted in March 2016, will significantly boost wireline broadband coverage, although mobilebroadband will continue to be a key growth area. Despite telecoms penetrations lagging behind many othercountries in the region, the market is innovative with mobile banking and OTT TV launching. Due to Peru'ssize, stronger long-term growth can be achieved if infrastructural problems and piracy are overcome.
Latest Updates And Industry Developments
306,000 new mobile subscriptions were added in 9M15, taking the total to 32.529mn, reaching apenetration rate of 103.7%. This is solid growth and we anticipate stronger growth in 2016 andnewcomer Bitel aggressively adds new subscriptions in the rural and agrarian areas.
4G will become a primary driver of growth, especially with Movistar now having over 1mn LTEsubscribers. We estimate 6.972mn 3G/4G subscribers at the end of 2015, a number growing to 12.818mnat the end of 2020.
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