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Venezuela - Telecoms, Mobile and Broadband - Statistics and AnalysesLONDON, Nov. 19, 2018 /PRNewswire/ -- Venezuela continues with national broadband project despite economic difficulties Mobile penetration in Venezuela is below the average for South America, while growth in the sector has been set back in recent years. The number of mobile subscribers fell 11.2% in 2017 as subscribers terminated services in a bid to reduce discretionary spending. Part of the decline is also related to the large number of people who have fled economic hardship: the UN's International Organisation for Migration (IOM) estimated that 2.3 million Venezuelans have left the country since 2014. Nevertheless, there has been ome growth in mobile data traffic, spurred by the popularity of social networks, the prevalence of smartphones and continuing investments from operators in LTE infrastructure despite difficulties in financing network upgrades and paying for equipment: Movilnet delayed launching its own LTE services until early 2017 because of its inability to purchase equipment from foreign vendors. In terms of revenue, the mobile sector accounts for about 46% of overall telecom sector revenue, compared to 11.7% for internet services. The government has launched a National Fibre-Optic Backbone project, being implemented by CANTV, to provide broadband access nationally. Progress with the project continues. This report provides an overview of Venezuela's telecom infrastructure, market and regulatory environment. It also reviews the broadband market, accompanied by relevant statistics, analyses, and subscriber forecasts. In addition the report assesses developments in the mobile segment, profiling the major operators and their strategies to compete in a very difficult market. Key developments: CANTV's fibre network extended to 30,000kms; Falling GDP and lower revenue from oil exports continue to place a strain on consumer spend for telecom services; Movilnet extends LTE population coverage to about 47% by mid-2018, reports having one million LTE subscribers; Mobile data traffic grows 18% in the third quarter of 2017, year-on-year; CANTV makes progress with National Fibre-Optic Backbone project; Fixed-broadband subscriber base falls under economic pressures Report update includes the regulator's market data for 2017, operator data updates, recent market developments. Companies mentioned in this report: CANTV, Movistar (Telefónica Venezuela), Digitel, Inter, NetUno, Alodiga, Multiphone, Totalcom, Convergía, Movilnet, MovilMax, Tesacom, SuperCable, DirecTV. Download the full report: https://www.reportbuyer.com/product/5622704 About Reportbuyer Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers For more information: Sarah Smith Research Advisor at Reportbuyer.com Email: [email protected] Tel: +1 (718) 213 4904 Website: www.reportbuyer.com View original content:http://www.prnewswire.com/news-releases/venezuela---telecoms-mobile-and-broadband---statistics-and-analyses-300752846.html SOURCE ReportBuyer |