Venezuela’s fixed broadband penetration is lower than the regional average, while data speeds are also relatively low. Partly due to the ongoing economic crisis and partly to the rising popularity of mobile broadband, growth in the fixed broadband market has slowed in recent quarters.
The state-owned incumbent CANTV is the country’s exclusive provider of DSL broadband services. A few cable TV companies offer cable modem access and there is a single WiMAX provider, MovilMax, though the low take up of services encouraged this player to migrate subscribers to an LTE platform. The government has launched a National Fibre-Optic Backbone project, being implemented by CANTV, to provide broadband access nationally.
The ongoing economic crisis has affected the ability of subscribers to pay for services, and has resulted in declining revenue for operators, adjusted for inflation. The adoption of different floating exchange systems for essential and non-essential services has enabled operators to increase the price of telecom services dramatically though the government has made efforts to stop this response to inflation.
This report provides an overview of Venezuela’s broadband and pay TV markets, accompanied by relevant statistics, analyses, and broadband forecasts to 2022.
CANTV launches IPTV service; CANTV makes progress with Wi-Fi rollout program; 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 by end-2015; report includes the regulator’s market data to September 2016, operator data to Q2 2017, recent market developments.
CANTV, Inter, NetUno, SuperCable, MovilMax, Movistar, DirecTV.
Number of pages 20
Last updated 25 Aug 2017
Analyst: Henry Lancaster
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