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Panama telecoms market: Revenue grew to $910 million in 2012

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PR-Inside.com: 2014-04-21 10:26:02
With one of the region´s highest GDP growth rates forecasted for 2012, Panama´s economic prospects are promising, and this is likely to have a positive knock-on effect on the country´s telecom market. In 2012, telecom revenues are expected to reach about US$910 million, with mobile services and broadband being the fastest growing sectors.Panama´s fixed-line teledensity is well below average for the region, though it is rising steadily from a relatively low base, largely due to alternative operators making use of cable or fixed-wireless networks.Competition remains limited in the broadband sector, where the incumbent Cable & Wireless Panamá has resisted unbundling its local network and as a result has secured a virtual monopoly in the delivery of DSL access. The only cross-platform competition is from cable modem and WiMAX services.The mobile sector has flourished in recent years, and the popularity of having multiple SIM cards has pushed mobile penetration rates to above 190%, considerably higher than the regional average. The arrival of two new mobile players around the start of 2009 has resulted in additional competition and steep price reductions that have shaken the market. Digicel Panamá launched operations in 2008, and América Móvil´s Claro in 2009, so ending the duopoly long enjoyed by Cable & Wireless Panamá and Telefónica´s Movistar.Internet penetration has grown in recent years and is expected to do so steadily in 2013 and into 2014 as a result of consumer demand for services as well as the stimulus of the government´s Internet for All project. In 2010, Panama became one of the first countries in the world to offer free wireless broadband access nationwide. The National Internet Network project does not compete with private broadband providers, because its aim is digital inclusion and not the provision of broadband access.

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