Virus impact over each market - telecom operators, government agencies and regulators' responses - revised forecasts for the next 5 years.
Mobile penetration in Venezuela is below the average for South America, while growth in the sector has been set back by the ongoing economic recession. The number of mobile subscribers fell 5.6% in the first half of 2018 as subscribers terminated services in a bid to reduce discretionary spending. The phenomenon was also seen in the fixed-line segment, where fixed-line connections dropped by 7.4% in the year. Part of the decline is also related to the large number of people who have fled economic hardship.
Nevertheless, there has been some growth in mobile data traffic, spurred by the popularity of social networks, the prevalence of smartphones and continuing investments from operators in LTE infrastructure despite difficulties in financing network upgrades and paying for equipment: Movilnet delayed launching its own LTE services until early 2017 because of its inability to purchase equipment from foreign vendors. In addition, mobile networks have taken up some of the demand previously met by fixed-line networks.
Three major players operate in the Venezuelan mobile market: Movilnet, the mobile subsidiary of state-owned CANTV, Movistar, the Venezuelan unit of Spain’s Telefónica Group, and Digitel, a locally owned private company. In terms of revenue, the mobile sector accounts for about 46% of overall telecom sector revenue, compared to 11.7% for internet services.
This report provides an overview of Venezuela’s mobile market, including profiles of the operators, an assessment of key market statistics and general analyses on a very difficult competitive environment.
Movilnet, Movistar, Digitel, MovilMax, Tesacom.
As you know, I have resigned from the Labor Ministry and have decided not to re-contest the seat of Charlton at the next election – both for personal reasons.
Before leaving Parliament, I particularly wish to record my thanks to you for your generous and constructive participation in the deliberations that generated significant economic policy reforms for the Australian community. Continuous economic transformation is a key challenge that faces all Governments.
The development of sound public policy should always be contestable. Ultimately, good and equitable outcomes are not concessions to any particular interest group, but the careful balancing of interests to create the greatest possible benefit for the nation. You have contributed to that, and I sincerely thank you for it.
Greg Combet, Former Minister for Climate Change, Industry and Innovation
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