Sydney, Oct. 07, 2021 (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/Armenia-Telecoms-Mobile-and-Broadband-Statistics-and-Analyses/?utm_source=GNW The country has struggled to build economic momentum and independence since breaking away from the Soviet Union in 1991, and these two events have only served to further delay Armenia’s prospects for economic recovery in the short to medium term.
Despite the woes besetting the country on the larger scale, Armenia’s telecom sector was still able to post modest gains — at least in the mobile and broadband segments. Its fixed-line penetration continues to slide downwards, only buttressed by the rollout of fibre networks whih have encouraged the take up of bundled services. Even so, the fixed broadband market remains undeveloped, being somewhat hamstrung by the lack of underlying infrastructure outside the main cities.
In general, Armenia’s small population and low GDP per capita means that the country presents limited opportunities for growth. The one bright spot for the sector is mobile broadband, which is expected reach 130% penetration rate by 2026, at a CAGR of more than 8.6%. However, this is subject to the country managing to avoid conflict.
Key developments:
Telecom Armenia was sold by its owner VEON to Team LLC, a new business started by two former executives and co-founders of Telecom Armenia’s closest competitor Ucom.
Beeline contracted with Nokia to deploy the latter’s GPON infrastructure throughout the country.
Ucom started trialling a 1Gb/s fibre service packaged with TV and fixed-voice telephony.
This report includes the regulator's market data to Q1 2021, telcos' financial and operating data updates to June 2021, Telecom Maturity Index charts and analyses, assessment of the global impact of Covid-19 on the telecoms sector, and other recent market developments.
