This report provides a comprehensive overview of trends and developments in Venezuela’s telecommunications market. The report analyses the mobile, internet, broadband, digital TV and converging media sectors. Subjects include:
Researcher:- Henry Lancaster
Current publication date:- September 2017 (16th Edition)
Venezuela’s fixed-line teledensity remains relatively high for the region, though the steady growth in the number of lines in recent years has come to an end and by late 2016 fixed-line penetration dipped below 25%.
In the telephony market CANTV’s sister company Movilnet began offering long-distance telephony services, a move sanctioned by the regulator and partly aimed at securing much needed foreign currency.
The economic troubles are causing considerable distortions in the country’s telecom 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.
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 has fallen during the last two years though 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. In early 2017 Movilnet finally launched its own LTE services following several delays caused by its inability to purchase equipment from foreign vendors.
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, and Digitel, a locally owned private company. In terms of revenue, the mobile sector accounts for about 60% of overall telecom sector revenue, compared to 7% for internet services and 14% for subscription TV services.
This report provides an overview of Venezuela’s telecom infrastructure, market and regulatory environment, together with profiles of major fixed-line operators. It also covers the mobile market, reviewing the main players and providing key market statistics and analyses. In addition the report covers the fixed and fixed-wireless broadband markets as well as the pay TV markets. Mobile and broadband subscriber forecasts are provided to 2022.
Companies mentioned in this report:
CANTV, Movistar, Digitel, Inter, NetUno, Alodiga, Multiphone, Totalcom, Convergía, Movilnet, MovilMax, Tesacom, SuperCable, DirecTV.
Companies (Major Players)
Mobile & Wireless Broadband and Media
Mobile Communications (voice and infrastructure)
Regulations & Government Policies
Number of pages 59
Last updated 26 Sep 2017
Analyst: Henry Lancaster
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Kristan J. Wheaton, Mercyhurst College Institute of Intelligence Studies
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