Venezuela’s fixed-line teledensity remains relatively high for the region, though the steady growth in the number of lines in recent years came to an end in 2015 when the number of lines in service fell 3.5% year-on-year. By late 2016 fixed-line penetration had dipped below 25%.
In the local telephony market five companies compete with state-owned incumbent CANTV: Convergia Venezuela, Telemic (Intercable), Movistar, Digitel and Veninfotel Communications. Convergia and Inter are primarily cable TV companies which provide fixed-line services over their cable TV network as part of bundled packages (including pay TV and broadband), while Movistar and Digitel are primarily mobile operators. In early 2017 CANTV’s sister company Movilnet also began offering long-distance telephony services.
The economic troubles are causing considerable distortions in the market. With consumers increasingly careful with their disposable income the number of subscribers to fixed-line and mobile services has fallen, while growth in the number of broadband subscribers has stagnated. There has been pressure on operator revenue, with inflation having prompted operators to increase prices by up to 900% in 2016 (a measure which a subsequent presidential decree aimed to reverse). CANTV and its main competitors Movistar and Digitel have maintained ambitious investment plans, largely aimed at improving their networks and expanding the reach and capabilities of new technologies and services. However, these plans have been put into disarray as a result of the difficulty in securing foreign currency.
This report provides an overview of Venezuela’s telecom infrastructure, market and regulatory environment, together with profiles of major fixed-line operators. It also provides a range of statistics and market analyses.
Movilnet starts offering long-distance telephony services; CANTV now managing 22,000kms of fibre cabling; falling GDP and lower revenue from oil exports continue to place a strain on consumer spend for telecom services; report includes the regulator’s market data to September 2016, operator data to Q2 2017, recent market developments.
CANTV, Movistar, Digitel, Inter, NetUno, Alodiga, Multiphone, Totalcom, Convergía.
Number of pages 26
Last updated 25 Aug 2017
Analyst: Henry Lancaster
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