Caribbean and Latin American markets to thrive between 2009 and 2014
Market Trend

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.




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