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Venezuela: 2018 Telecoms, Mobile and Broadband - Statistics & Analyses - ResearchAndMarkets.com

November 23, 2018
The “Venezuela - Telecoms, Mobile and Broadband - Statistics and Analyses” report has been added to ResearchAndMarkets.com’s offering. Key DevelopmentsCANTV’s fibre network extended to 30,000kmsFalling GDP and lower revenue from oil exports continue to place a strain on consumer spend for telecom servicesMovilnet extends LTE population coverage to about 47% by mid-2018, reports having one million LTE subscribersMobile data traffic grows 18% in the third quarter of 2017, year-on-yearCANTV makes progress with National Fibre-Optic Backbone projectFixed-broadband subscriber base falls under economic pressuresReport update includes the regulator’s market data for 2017, operator data updates, recent market developmentsVenezuela Continues with National Broadband Project Despite Economic Difficulties

Venezuela’s fixed-line teledensity was relatively high for the region before the steady growth in the number of lines came to an end in 2015.

Since then the number of lines has plummeted, and by late 2018 teledensity had fallen to about 14%. The cause is largely linked to the country’s ongoing economic troubles, which have compelled many people to terminate fixed-line telecom services. While some of these lost customers are relying on mobile networks for voice and data services, this sector has also seen a decline in the number of subscribers.

The financial concerns of customers have been exacerbated by the decrepit state of much of the fixed network, hampered by the difficulty to pay for equipment from foreign vendors. This has resulted in a poor quality of service in many areas of the country. The economic troubles are causing considerable distortions in the market, both in terms of reportable revenue and investment.

Mobile penetration in Venezuela is below the average for South America, while growth in the sector has been set back in recent years. The number of mobile subscribers fell 11.2% in 2017 as subscribers terminated services in a bid to reduce discretionary spending. Part of the decline is also related to the large number of people who have fled economic hardship: the UN’s International Organisation for Migration (IOM) estimated that 2.3 million Venezuelans have left the country since 2014.

Nevertheless, there has been some growth in mobile data traffic, spurred by the popularity of social networks, the prevalence of smartphones and continuing investments from operators in LTE infrastructure despite difficulties in financing network upgrades and paying for equipment: Movilnet delayed launching its own LTE services until early 2017 because of its inability to purchase equipment from foreign vendors. In terms of revenue, the mobile sector accounts for about 46% of overall telecom sector revenue, compared to 11.7% for internet services.

Venezuela’s fixed broadband penetration is lower than the regional average, while data speeds are also relatively low. Partly due to the ongoing economic crisis and partly to the rising popularity of mobile broadband, growth in the fixed broadband market slowed for a number of years and in 2017 it fell marginally.

The government has launched a National Fibre-Optic Backbone project, being implemented by CANTV, to provide broadband access nationally. Progress with the project continues.

This report provides an overview of Venezuela’s telecom infrastructure, market and regulatory environment. It also reviews the broadband market, accompanied by relevant statistics, analyses, and subscriber forecasts. In addition the report assesses developments in the mobile segment, profiling the major operators and their strategies to compete in a very difficult market.

Companies Featured

AlodigaCANTVConvergaDigitelDirecTVInterMovilMaxMovilnetMovistar (Telefnica Venezuela)MultiphoneNetUnoSuperCableTesacomTotalcom

Key Topics Covered

1. Key Statistics

2. Telecommunications Market

3. Regulatory Environment

4. Fixed Network Operators

5. Telecommunications Infrastructure

6. Broadband Market

7. Digital Economy

8. Mobile Communications

For more information about this report visit https://www.researchandmarkets.com/research/cvvhkn/venezuela_2018?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181123005151/en/

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Related Topics:Telecommunications and Networks,Broadband,Mobile Networks

KEYWORD: VENEZUELA SOUTH AMERICA

INDUSTRY KEYWORD: TECHNOLOGY NETWORKS TELECOMMUNICATIONS

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 11/23/2018 09:00 AM/DISC: 11/23/2018 09:01 AM

http://www.businesswire.com/news/home/20181123005151/en

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