[February 17, 2017] |
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Panama: 4G Network Expansion and Government's National Broadband Plan to Drive Data Revenue Growth - Research and Markets
Research and Markets has announced the addition of the "Panama:
4G Network Expansion and Government's National Broadband Plan to Drive
Data Revenue Growth " report to their offering.
In 2016, Panama was the third largest telecom services market in Central
America, behind Guatemala and Costa Rica, with estimated revenue of
$1.3bn or 2.4% of GDP. This represents a 2.4% increase relative to 2015,
mainly driven by fixed broadband, pay-TV and mobile data segments.
Key Findings
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In 2016, Panama was the third-largest telecom services market in
Central America, behind Guatemala and Costa Rica, with estimated
revenue of US$1.3bn or 2.4% of GDP. This represents a 2.4% increase
relative to 2015, mainly driven by the fixed broadband, pay-TV and
mobile data segments
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Report expects to see overall telecom service revenue grow at a 1.5%
CAGR from 2016 to 2021. The fixed/mobile revenue split will continue
to be inclined toward the mobile segment. The fixed services revenue
share will increase by 1.1 percentage points, driven by the
government's national Internet network initiative for expanding
Internet penetration in the country and attractive double- and
triple-play services from operators such as Cable & Wireless (News - Alert) Panama
(CWP) and Cble Onda. Mobile data will be an important source of
revenue and a mechanism to attract subscribers in a highly competitive
market
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The top two operators - CWP, which provides fixed, mobile and pay-TV
services, and Digicel (News - Alert) Panama, which provides mobile services -
accounted for 57.7% of overall service revenue in 2016. CWP will
continue to lead the Panamanian telecom market throughout the forecast
period, supported by strong investments in 4G network expansion and
network modernization of its fixed infrastructure
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In 2016, adoption of 3G technologies represented 59.1% of the mobile
subscription base; we project this will grow to 62.1% by year-end
2021, driven by the migration of connections from 2G to 3G networks.
4G subscriptions will reach 2.3m by year-end 2021, or 32.9% of total
mobile subscriptions in Panama. LTE (News - Alert) network expansion along with the
rising demand for high-speed mobile data and increased availability of
LTE-enabled smartphones will boost LTE subscriptions
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The total number of fixed access lines increased by 3.1% year-over-
year to 1.0m in 2016, due to increasing adoption of broadband
technologies such as xDSL, cable and FTTx. We expect the number of
access lines to increase to 1.1m by year-end 2021. Cable accounted for
an estimated share of 48.0% of total broadband access lines followed
by xDSL (42.7%). The number of xDSL broadband lines will surpass cable
by 2020, representing 43.6% of total broadband access lines at
year-end 2021
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The pay-TV market generated an estimated $149.4m in service revenue
and had a household penetration rate of 43.0% at year-end 2016.
Panama's relatively high GDP per capita levels in comparison to other
Latin American countries indicates there are still growth
opportunities for operators to increase their customer base within the
pay-TV market.
Companies Mentioned
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Cable Onda
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Cable and Wireless Panama
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Claro Panama
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Digicel
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Liberty Technologies (News - Alert)
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Movistar Panama
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Sky Panama
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Wipet
For more information about this report visit http://www.researchandmarkets.com/research/9nsv6q/panama_4g
View source version on businesswire.com: http://www.businesswire.com/news/home/20170217005362/en/
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