Libya - Telecoms, Mobile and Broadband - Statistics and Analyses
Sydney, Nov. 23, 2020 (GLOBE NEWSWIRE) -- Just released, this edition of BuddeComm report outlines the latest developments and key trends in the telecoms markets. - https://www.budde.com.au/Research/Libya-Telecoms-Mobile-and-Broadband-Statistics-and-Analyses/?utm_source=GNW
The mobile market is supported by some of the lowest tariffs on the continent. Opportunities remain in the broadband sector where market penetration is still relatively low. To stimulate take-up of services, the regulator in mid-2020 imposed a 50% reduction in internet subscription charges. As for mobile broadband, LTE services have only a limited reach and thus the development of this sector has been slow. A limited 5G service was made available in November 2019.
BuddeComm notes that the outbreak of the Coronavirus in 2020 is having a significant impact on production and supply chains globally. During the coming year the telecoms sector to various degrees is likely to experience a downturn in mobile device production, while it may also be difficult for network operators to manage workflows when maintaining and upgrading existing infrastructure. Overall progress towards 5G may be postponed or slowed down in some countries.
On the consumer side, spending on telecoms services and devices is under pressure from the financial effect of large-scale job losses and the consequent restriction on disposable incomes. However, the crucial nature of telecom services, both for general communication as well as a tool for home-working, will offset such pressures. In many markets the net effect should be a steady though reduced increased in subscriber growth.
Although it is challenging to predict and interpret the long-term impacts of the crisis as it develops, these have been acknowledged in the industry forecasts contained in this report.
The report also covers the responses of the telecom operators as well as government agencies and regulators as they react to the crisis to ensure that citizens can continue to make optimum use of telecom services. This can be reflected in subsidy schemes and the promotion of tele-health and tele-education, among other solutions.
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