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Venezuela - Telecoms, Mobile, Broadband and Forecasts

Venezuela telecoms market: Industry to grow 10% in 2013 led by 3G

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2014-02-10 19:05:03 - Venezuela - Telecoms, Mobile, Broadband and Forecasts - a new market research report on

The general outlook for 2013 is not promising for Venezuela, as the country faces a sharp economic slowdown and galloping inflation amidst political tension and shortages in basic household items such as food and toiletries. Nevertheless, the telecom market is expected to grow by about 10%, led by 3G – including both mobile broadband and phone based internet browsing – and satellite-based pay TV services.

Despite continued growth in the number of fixed lines, Venezuela´s fixed-line revenues account for a shrinking portion of total telecom revenues, while the share of mobile, internet, and pay TV revenues has been rising. A number of private operators compete in all telecom sectors, but CANTV, the country´s state-owned telecom incumbent, dominates the fixed, mobile, and



broadband markets.

Venezuela´s teledensity is one of the highest in Latin America, having almost doubled since 2005. In the local telephony market, four companies compete with CANTV: NetUno, Inter, Movistar, and Digitel. NetUno and Inter are primarily cable TV companies, while Movistar and Digitel are primarily mobile operators and offer local phone services using fixed-wireless technology.

Venezuela´s fixed broadband penetration and speed are lower than the regional average and less than would be expected based on Venezuela´s GDP per capita, which is the third highest in South America after Chile and Uruguay. Partly due to the economic slowdown and partly to the rising popularity of mobile broadband, growth in the fixed broadband market has slowed.

CANTV is the country´s exclusive ADSL provider. A few cable TV companies offer cable modem access and there is one WiMAX provider. The Venezuelan government has launched a National Fibre-Optic Backbone project to guarantee a uniform distribution of high-speed internet access throughout the national territory. CANTV is in charge of implementing the project. The government intends to lease capacity on the National Fibre-Optic Backbone to cooperatives and small companies.

Pay TV is the fastest growing telecom sector in Venezuela after mobile broadband, and accounts for 15% of all telecom revenue in the country. The market leaders are DirecTV, Inter, SuperCable, NetUno, Movistar, and CANTV. DirecTV, Movistar, and CANTV provide satellite TV services, NetUno and SuperCable provide cable TV and cable broadband access, while Inter provides satellite TV as well as cable TV and triple play packages. DirecTV still holds a lion´s share of the market, followed by Inter, but CANTV and Movistar are the fastest growing. NetUno and SuperCable have a small and dwindling share.

Mobile penetration in Venezuela is well below the South American average and – like broadband – it compares poorly with the country´s GDP per capita. The mobile market is recovering from the downturn it took during Venezuela´s economic recession, but estimated growth is small compared with previous years.

Despite the slump in mobile subscriber growth, the volume of data traffic has been increasing exponentially. Spurred by the huge popularity of social networks in Venezuela, the country has experienced an unanticipated surge in the demand for 3G and smartphones. Indeed, Venezuela is the number one country in Latin America for Blackberry handsets.

Three players operate in the Venezuelan mobile market: Movilnet, the market leader and mobile subsidiary of state-owned CANTV; Movistar, the Venezuelan unit of Spain´s Telefónica; and Digitel, a locally owned private company.

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