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Latin America - Regional Summary Overviews - 2003

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Last updated: 9 May 2003 Update History

Report Status: Archived

Report Pages: 8

Analyst: Lucia Bibolini

Synopsis

Overall telecom revenues fell from US$73.3 billion in 2001 to US$65 billion in 2002. High-risk aversion by International companies had an impact on all sectors of the Latin American telecommunications market and has slowed regional growth. Currency devaluations in Brazil, Argentina and Venezuela have severely affected the revenues of international companies with many companies being forced into bankruptcy. The prospects for Latin America appear to be best in broadband access and data services, as companies continue to fill the region’s still largely unmet demand. Voice services continue to dominate revenues in the region with around US$31 billion in the switched voice market compared with US$19 billion in the mobile sector.

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