DUBLIN--(BUSINESS WIRE)--The "Panama - Telecoms, Mobile, Broadband, and Digital Media - Statistics and Analyses" report has been added to Research and Markets' offering.
Panama's additional cable connectivity to improve broadband from 2019
Panama's economic prospects remain promising, with GDP growth during the last few years being steady at between 5% and 6% annually. This growth has had a positive effect on the country's telecom market, which has also grown steadily and attracted considerable investment from significant international operators including Telefnica, America Mvil and Liberty Global. Liberty Global in 2016 acquired Cable & Wireless Communications, which owns the incumbent telco Cable & Wireless Panama. The deal has enabled Liberty Global to combine CWP's businesses in Panama and the Caribbean with its own operations in Chile and Puerto Rico. The merged operator provides improved bundled service offerings and has stimulated competition with the other regional players Digicel and Claro.
Telecom revenue has broached $1 billion during the last few years, and continues to increase steadily, with mobile services and broadband being the fastest growing sectors.
Panama's fixed-line teledensity is well below average for the region, though it is rising steadily from a relatively low base, largely due to alternative operators making use of cable or fixed-wireless networks.
Competition remains limited in the broadband sector, where the incumbent CWP has resisted unbundling its local network and as a result has secured a virtual monopoly in the delivery of DSL access. The only cross-platform competition is from cable modem and WiMAX services.
The mobile sector has flourished in recent years, and the popularity of customers having multiple SIM cards has pushed mobile penetration rates above 174%, considerably higher than the regional average. The arrival of two new mobile players resulted in additional competition and steep price reductions which have shaken the market. Digicel Panam launched operations in 2008, followed by Amrica Mvil's Claro unit in 2009. This ended the duopoly long enjoyed by Cable & Wireless Panam and Telefnica's Movistar.
Companies mentioned in this report:
- Cable and Wireless Panama
- Cable Onda
- Optynex Telecom
Key Topics Covered:
1. Executive summary
2. Key statistics
3. Country overview
4. Telecommunications market
5. Regulatory environment
6. Fixed network operators in Panama
7. Telecommunications infrastructure
9. Broadband market
10. Digital economy
11. Digital Media
12. Mobile market
For more information about this report visit https://www.researchandmarkets.com/research/vnlh4l/panama