Free Submission Public Relations &
Deutsch English


Venezuela Telecommunications Report Q1 2014 - New Study Released

Print article Print article
2013-12-10 10:40:38 - Fast Market Research recommends "Venezuela Telecommunications Report Q1 2014" from Business Monitor International, now available

Venezuela saw the launch of 4G LTE, as the smallest of the three operators Digitel, made the service commercially available in September 2013. While this represents an important step forward for the market, we remain bearish towards its impact on mobile broadband growth. In part, this is due to uncertainty regarding the political situation and the deteriorating economy, lowering confidence and causing Venezuelans to leave their higher-value subscriptions to more basic ones. This is in line with our country risk outlook for Venezuela, which has seen real private consumption deteriorate and wages drop in 2013, due to rising inflationary pressures; driven by the currency devaluation and slowdown in real credit growth. The possibility for further currency devaluation remains over the

next few quarters, and given the heavy government influence over the telecoms market, with state-owned firms playing major roles, this could have negative consequences over the short- to medium term. For now, the government continues to a push telecoms access for all policy, with growth momentum maintained during Q213 in mobile, fixed line, broadband and pay-TV services.

Full Report Details at
- ..

Key Data

* Total mobile subscriptions returned to growth in Q213, following a net loss in the previous quarter. The market has yet to recover to end of 2012 levels, but should do by end-2013. The market added 188,000 net users during the quarter ending June 2013.
* In the fixed-line market, Venezuela continues to report growth, according to Conatel. The market finished with 7.766mn subscriptions in Q213, up by 3.8% year-on-year (y-o-y).
* Conatel reported Venezuela had 12.6mn internet users and 3.362mn broadband subscriptions in Q213.

Key Trends & Developments

Digitel has commercially rolled-out its 4G LTE mobile broadband network on September 9 for all prepaid and postpaid subscribers in the country. The operator had launched its postpaid-only 4G services in selected regions of Greater Caracas, Maracay and other mainly central and western cities in Venezuela. The operator has currently installed 230 LTE base stations, out of the projected 385 planned for 2013, with a medium-term goal of installing more than 800 LTE base stations in the country. NetUno, a Venezuelan cable TV, telephony and internet operator, has asked the country's industry regulator Conatel if it can implement direct-to-home (DTH) satellite TV services in order to enhance its TV coverage across Venezuela. NetUno currently has about 100,000 TV subscribers on its cable systems in nine cities, but wants to take on about 300,000 new customers by 2016, with the launch of DTH services. The company is reportedly investing US$15mn in the project.

The Venezuelan state-owned bank Banco de Venezuela (BDV) launched a mobile banking platform called BDVmovil, which will allow customers to access bank accounts from smartphones or tablets. The app can be downloaded for free or accessed via a URL, available on BlackBerry and Android devices, with an upcoming version foriOS coming soon for the banks 6mn clients. Although we believe there is good potential for mobile banking to grow strongly in Venezuela, we are bearish on BDV's platforms as they do not cater to the majority of mobile users in the country.

In May 2013 Digitel announced it would begin testing its 4G LTE technology in Caracas, becoming the first company to do so in the country, following its purchase of 1800MHz spectrum auctioned by telecoms regulator Conatel in September 2012. The company is slightly behind the schedule it set, with initial coverage including the towns of Altamira, Los Palos Grandes and La Castellana, and extended in the coming months to La Urbina and El Rosal-Las Mercedes. Digitel has received 400,000 mobile devices that are 4G-enabled, according to news reports from Telesemana.

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at or call us at 1.800.844.8156.

Bill Thompson
Phone: 18008448156

Disclaimer: If you have any questions regarding information in these press releases please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims contents contained in this release.
Latest News
Read the Latest News


Terms & Conditions | Privacy | About us | Contact