Venezuela’s fixed broadband penetration is lower than the regional average, while data rates are also low compared to the regional average. Partly due to the ongoing economic crisis and partly to the rising popularity of mobile broadband, growth in the fixed broadband market has slowed.
The state-owned incumbent CANTV is the country’s exclusive provider of broadband based on DSL networks. A few cable TV companies offer cable modem access and there is a single WiMAX provider, though the low take up of services has encouraged this player to migrate subscribers to an LTE platform. The Venezuelan government has launched a National Fibre-Optic Backbone project to guarantee a uniform distribution of high-speed internet access throughout the national territory. CANTV is in charge of implementing the project. The government intends to lease capacity on the National Fibre-Optic Backbone to cooperatives and small companies.
Pay TV is the fastest growing telecom sector in Venezuela after mobile broadband, and accounts for 15% of all telecom revenue in the country. The market leaders are DirecTV (now owned by AT&T), Inter, SuperCable, NetUno, Movistar, and CANTV.
Venezuela’s ongoing economic crisis has affected the ability of subscribers to pay for services, and has resulted in declining revenue for operators. The adoption of different floating exchange systems for essential and non-essential services has enabled operators to increase the price of telecom services dramatically.
This report provides an overview of Venezuela’s broadband and pay TV markets, accompanied by relevant statistics, analyses, and broadband scenario forecasts to 2021.
CANTV launches IPTV service; CANTV’s Wi-Fi program connected 3,000 public spaces by November 2015; Vivo Play launches in Venezuela; AT&T acquires DirecTV’s US and Latin American operations; DTT reaches 60% population coverage; National Fibre-Optic Backbone project deployment is 70% complete; DTTV subscriber base reaches 850,000 at y end-2015; report includes the regulator’s market data to September 2015, recent market developments.
CANTV, Inter, NetUno, SuperCable, MovilMax, Movistar, DirecTV.
Number of pages 15
Last updated 4 May 2016
Analyst: Henry Lancaster
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