Venezuela’s fixed broadband penetration and speed are lower than the regional average and less than would be expected based on GDP per capita, which in Venezuela is higher than in Latin America as a whole. Partly due to the economic slowdown and partly to the rising popularity of mobile broadband, growth in the fixed broadband market has slowed.
State-owned incumbent CANTV is the country’s exclusive ADSL provider. A few cable TV companies offer cable modem access and there is one WiMAX provider. The Venezuelan government has launched a National Fibre-Optic Backbone project to guarantee a uniform distribution of high-speed internet access throughout the national territory. CANTV is in charge of implementing the project. The government intends to lease capacity on the National Fibre-Optic Backbone to cooperatives and small companies.
Pay TV is the fastest growing telecom sector in Venezuela after mobile broadband, and accounts for 15% of all telecom revenue in the country. The market leaders are DirecTV, Inter, SuperCable, NetUno, Movistar, and CANTV.
This report provides an overview of Venezuela’s broadband and pay TV markets, accompanied by relevant statistics, analyses, and broadband scenario forecasts for the years 2015 and 2020.
The National Fibre-Optic Backbone project aims to build a 6,940Km network; Venezuela ranks third in the world for Facebook users as a percentage of internet users; Venezuela’s pay TV market suffers from rampant signal theft; in 2011/2012, two more companies entered the Venezuelan satellite TV market: CANTV and Inter.
Companies covered in this report include:
CANTV, Inter, NetUno, SuperCable, MovilMax, Movistar, DirecTV.