Venezuela - Telecom Market Trends, Key Statistics and Regulatory Overview
With economic slowdown and galloping inflation, the general outlook for 2013 is not promising. Nevertheless, the country's telecom market is expected to grow by about 10%, led by 3G including both mobile broadband and phone based internet browsing and satellite-based pay TV services.
Despite continued growth in the number of fixed lines, Venezuela's fixed-line revenues account for a shrinking portion of total telecom revenues, while the share of mobile, internet, and pay TV revenues has been rising. A number of private operators compete in all telecom sectors, but CANTV, the country's state-owned telecom incumbent, dominates the fixed, mobile, and broadband markets.
The three main telcos CANTV, Movistar, and Digitel have announced ambitious investment plans for 2013, largely aimed at improving their networks and installing new technology (including FttH and LTE).
This report provides an overview of Venezuela's telecom market and regulatory environment, accompanied by statistical data, analyses, and outlook.
Venezuela's GDP per capita is the third highest in South America after Chile and Uruguay; fixed-line teledensity has been increasing at a faster pace than any other Latin American country; driven by Twitter and Facebook, smartphone penetration is one of the highest in the region; report includes regulator's market data to December 2013, market developments to April 2014.