Publication Date: December 2023
Report Pages: 129
Analyst: Sebastien De Rosbo
Armenia had to battle through 2020 on two fronts: the Covid-19 pandemic that effectively shut down the economy, and a brief but brutal war with neighbouring Azerbaijan over the disputed territory of Nagorno-Karabakh. The country has struggled to build economic momentum and independence since breaking away from the Soviet Union in 1991, and these two events have only served to further delay Armenia’s prospects for economic recovery in the short to medium term.
Despite the woes besetting the country on the larger scale, Armenia’s telecom sector was still able to post modest gains — at least in the mobile and broadband segments. Its fixed-line penetration continues to slide downwards, only buttressed by the rollout of fibre networks which have encouraged the take up of bundled services. Even so, the fixed broadband market remains undeveloped, being somewhat hamstrung by the lack of underlying infrastructure outside the main cities.
In general, Armenia’s small population and low GDP per capita means that the country presents limited opportunities for growth. The one bright spot for the sector is mobile broadband, which is expected reach 130% penetration rate by 2026, at a CAGR of more than 8.6%. However, this is subject to the country managing to avoid conflict.
Telecom Armenia (ArmenTel, Beeline), Ucom, VivaCell-MTS
Monitor critical insights with our AI-powered Market Intelligence Platform gathering and analyzing intelligence in real time. With AI trained to spot emerging trends and detect new strategic opportunities, our clients use TMT Intelligence to accelerate their growth.
If you want to know more about it, please see:
BuddeComm's strategic business reports contain a combination of both primary and secondary research statistics, analyses written by our senior analysts supported by a network of experts, industry contacts and researchers from around the world as well as our own scenario forecasts.
For more details, please see:
Have the latest telecommunications industry news delivered to your inbox by subscribing to BuddeComm's weekly newsletter.