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Mobile Data, Broadband to Drive Guatemala's Telecom Growth

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The telecommunications market in Guatemala is expected to grow at a CAGR of 5.3 percent over the next five years, reaching $2.8 billion in 2014, with mobile data, broadband, and pay TV leading the expansion, according to the latest report from Pyramid Research.

The telecommunications market in Guatemala, the largest in Central America, will expand at a CAGR of 5.3 percent to reach $2.8 billion by 2014, when pay-TV, fixed broadband, and mobile data will be the main contributors, notes Jose Magana, analyst at Pyramid Research and author of the report. "We see interesting opportunities in mobile data services where messaging, mobile Internet, and mobile broadband could close the gap in communications that fixed services could not," he adds.

Mobile data will expand at a CAGR of 13.7 percent over the next five years. "Though messaging will remain the main source of revenue, connectivity will gain more than 10 percentage points of total revenue fueled by mobile Internet and mobile broadband," explains Magana. "Entertainment will also gain traction among mobile services, with mobile music expanding more than 50 percent over the next five years," he says.

Broadband will also enjoy a fast rise during the forecast period. "Since penetration of households still remains at 4 percent, there is plenty of opportunity for operators to grab additional subscriptions," notes Magana. An example of this is Claro, which through its Turbonett brand, offers laptops from $18 per month and fixed postpaid connections from $16. "We forecast broadband will generate $87 million by 2014 from $36 million in 2009," he concludes.

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Tags: broadband  music  cagr  Guatemala