Caribbean and Latin American markets to thrive between 2009 and 2014
The Latin American and Caribbean telecoms services markets will reach a market value of $143 billion by 2014, despite a slowdown in telecommunications growth worldwide.
Research firm Telegeography anticipates that Brazil and Mexico will have the biggest share, with 39% and 17% respectively, of the total regional market. Venezuela, Argentina and Colombia will also be prominent markets, each with 5% or more of the total market.
Between 2009 and 2014, broadband subscribers in the region are expected to grow at a compound annual growth rate (CAGR) of 15% and wireless subscribers are increasing at a CAGR of 6%. Compared to growth between 2004 and 2009, this is significant. Telegeography reports the total market grew at a CAGR of just over 13% during this time.
Telefonica is present in six Latin American countries and is the largest player with 24% of telecoms services market revenue in 2009. Mexican operator America Movil is incorporating Carso, Telmex and Telint. When this is completed, it will account for 32% of the regional market, overtaking Telefonica as the region’s largest player.