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Latin America - Telecommunications Market Overview and Analysis - 2003

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Last updated: 7 May 2003 Update History

Report Status: Archived

Report Pages: 8

Analyst: Lucia Bibolini

Synopsis

As stated by the Economic Commission for Latin America and the Caribbean (ECLAC), economic activity in the region was down by 0.5% in 2002, but GDP for the fourth quarter of 2002 was expected to show a 1.3% improvement over the first quarter 2003. Investment and revenues in the regions telecom sector were heavily influenced by these figures. 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.

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