Mobile penetration in Venezuela is below average for South America, while growth in the sector has been set back by the ongoing economic recession. Despite the slump in subscriber growth, the volume of data traffic has been increasing exponentially, spurred by the popularity of social networks, the prevalence of smartphones and investments from operators in LTE infrastructure to support mobile data services and traffic.
Three major players operate in the Venezuelan mobile market: Movilnet, the mobile subsidiary of state-owned CANTV and the market leader, followed by Movistar, the Venezuelan unit of Spain’s Telefónica, and then by 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 to 2020.
Telefónica sees dramatic write-down on revenue following currency devaluation; regulator raises Bs.F.4.6 billion in multi-spectrum auction; MNOs set up shared-access base stations to serve remote areas; Digitel reports having 100,000 active customers on its LTE network; Movistar switches off its CDMA mobile and fixed-wireless voice and data network; report includes the regulator’s market data to September 2015, recent market developments.
Companies covered in this report include:
Movilnet, Movistar, Digitel, MovilMax, Tesacom.