Venezuela: Deteriorating Private Consumption and Foreign Exchange Controls Negatively Impact Telecom Sector Prospects
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‘The telecom market in Venezuela is expected to grow at a CAGR of 77.4% (in local currency terms) during 2016-2021, owing to increasing uptake of mobile data services. Rising inflation and difficult operating conditions in the country will cause private consumption and investments to fall. Going forward, the devaluation of the local currency and poor economic conditions will continue to drag the telecom market in Venezuela, thereby impacting the investments.
Scope
• The overall telecom service revenue in Venezuela is estimated to generate $9.3bn in 2016 and is estimated to witness a negative CAGR of -23.6% during 2016-2021.
• The top three operators, Cantv/Movilnet and Movistar, which provide fixed and mobile and pay-TV services and mobile-only operator-Digitel, will together control 94.4% of telecom market in Venezuela in 2016. However, the telecom market will be highly impacted by the poor economic conditions and foreign exchange controls limiting the operator’s investments on network infrastructure and upgrades.
• The adoption of 4G services will be slow due to operator’s failure in procuring network equipment, resulting in a penetration rate of 2.8% by the end of 2016, the lowest among the region. Movilnet is expected to launch commercial 4G services by the end-2016 followed by its current LTE field trials in urban centers.
Reasons to Buy
This Country Intelligence Report helps executives build proactive, profitable growth strategies by offering comprehensive, relevant analysis of Venezuela’s telecommunications and pay-TV markets based on insights directly from the local market players.
The report offers a wealth of data on the telecom and pay-TV markets, with the mobile and fixed segments examined in detail.
The competitive landscape and the major players are given extra attention, enabling local players or prospective market entrants to gain the insight they need.
The broad but detailed perspective will help operators, equipment vendors and other telecom industry players to succeed in the challenging telecommunications market in Venezuela.
The report is designed for an executive-level audience, boasting presentation quality that allows it to be turned into presentable material immediately.
The report concludes with an exploration of the opportunities available in the Venezuelan market to operators, vendors and investors.
Telefonica
Cantv
Movilnet
Digitel
Inter
Netuno
DIRECTV
TuVes
Supercable.
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