Caribbean - Telecoms Market - Insights and Statistics

Caribbean - Telecoms Market - Insights and Statistics

The telecoms markets in most Caribbean countries have been progressively liberalised, with operators in these markets able to offer a full range of telecom services. Telecom services remain one of the Caribbean's major growth sectors, particularly in the mobile telephony and data segments.

Cable & Wireless Communications (operating services under the LIME brand) is the dominant telecom provider in most regional markets, with Digicel and other players offering effective competition, particularly in the mobile telephony sector. Digicel in recent years has also expanded its interests in the pay TV sector through a number of acquisitions. Investment in telecoms was for several years affected by the global financial crisis, which led to reduced revenue for operators, scaled-back government programs and a weakened tourist sector. Although there has been considerable recovery in economies of the region overall, the telecom market continues to see price pressure for the main operators. Some markets remain suppressed, with little prospect for growth, and this has stimulated operators to invest in smaller players within the region, so expanding their scale in a bid to maintain revenue stability. These moves, predominantly undertaken by companies such as CWC, Digicel and KeyTech, have resulted in further market consolidation in the region.

Given the dependence on tourism by local economies, lower tourist traffic in the wake of the GFC helped to trigger recession in most Caribbean nations, leading a number of them to turn to the International Monetary Fund and World Bank for rescue financing or for alternative fiscal and monetary policy arrangements.

This report analyses the telecom market in the Caribbean, including recent regulatory measures, telecom infrastructure updates and developments in key sectors including mobile, broadband and fixed-telephony.

Key developments:

CWC completes acquisition of Columbus International; Digicel receives approval to acquire pan-Caribbean submarine cable systems from Loret Group; operators expand FttP in several markets, HSPA+ available in most countries, with LTE emerging as operators focus investment on mobile networks' regulatory developments; operator data and statistics updates; recent market developments.

Companies covered in this report include:

Digicel, Cable & Wireless Communications, Globalstar, KeyTech.

1. Synopsis
2. Telecommunications market
2.1 Overview
3. Regulatory environment
3.1 Organisation of Eastern Caribbean States (OECS)
3.2 Eastern Caribbean Telecommunications Authority (ECTEL)
3.3 Telecom sector liberalisation
3.4 Caribbean Association of National Telecommunication Organisations (CANTO)
4. Major telecom operators in the Caribbean
4.1 LIME (Cable & Wireless)
4.2 Digicel
5. Telecommunications infrastructure
5.1 Submarine cable systems
6. Broadband market
6.1 Overview
6.1.1 Broadband statistics
7. Mobile communications
7.1 Overview of mobile markets in the Caribbean
7.1.1 Mobile statistics
7.2 Satellite mobile
8. Related reports
Table 1 Caribbean GDP 2003 - 2015
Table 2 LIME financial data (Caribbean) 2010 - 2015
Table 3 LIME revenue by sector 2010 - 2014
Table 4 Digicel Group financial data 2010 - 2013
Table 5 Internet users and penetration rate in Caribbean countries Jun 2014
Chart 1 LIME revenue by sector 2010 2014
Exhibit 1 Island territories of the Caribbean
Exhibit 2 Telecom privatisation and liberalisation in the Caribbean
Exhibit 3 Digicel's Caribbean operations
Exhibit 4 Major submarine cable networks serving the Caribbean region

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