Mobile penetration in Venezuela is below average for South America. The mobile market is recovering from the downturn suffered during Venezuela’s recent economic recession, but estimated growth is low compared with previous years.
Despite the slump in subscriber growth, the volume of data traffic has been increasing exponentially. Spurred by the huge popularity of social networks in Venezuela, the country has experienced a surge in the demand for smartphones, and with it the need for more capable networks and higher data allowances.
Three major players operate in the Venezuelan mobile market: Movilnet, the market leader and mobile subsidiary of state-owned CANTV; Movistar, the Venezuelan unit of Spain’s Telefónica; and Digitel, a locally owned private company.
This report provides an overview of Venezuela’s mobile market, a profile of all mobile operators and key market statistics and analyses. It also contains scenario forecasts for the years 2015 and 2020.
Telefónica sees dramatic write-down on revenue followed currency devaluation; regulator raises Bs. F.4.6 billion in multi-spectrum auction; MNOs begin project to build 30 shared-access base stations to serve remote areas; Digitel reports having 100,000 active customers on its LTE network; regulator consults on future spectrum auction schedule; Movistar switches off its CDMA mobile and fixed-wireless voice and data network; mobile operators invest in congested networks to develop mobile broadband capabilities; report includes operator data to Q2 2015, regulator’s market data to Q1 2015; recent market developments.
Companies covered in this report include:
Movilnet, Movistar, Digitel, MovilMax, Tesacom.