Caribbean Telecommunications Report

Published 14 January 2015

  • 201 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
Caribbean Telecommunications Report

BMI View: 2015 seems poised to be a big year for the Caribbean, with a number of major developments that could transform the telecom industries in a number of markets. The CWC acquisition of Columbus International will have a far-reaching regional impact in the broadband internet and pay-TV markets, which remain underdeveloped and ripe for growth. New players are expected in the Bahamas and Trinidad & Tobago, and new regulators in Puerto Rico, Jamaica, Barbados and Haiti could lead to huge improvements in the business environment. Agreements between the US and Cuba have shocked the world. Cuba represents the most attractive market in the Caribbean in terms of total size and growth opportunities, however, we don't expect to see this play out. Nonetheless, there will be massive interest from lots of international players. We expect interest in the region really take off in 2015, with plenty of opportunities for interested players.

Key Data:

  • Cayman Islands has the highest mobile penetration at over 160%, while Cuba's penetration rate remained below 20%.

  • In Cuba, internet users reached 2.92mn users in 2013, representing around 26.1% of the population, according to the Oficina Nacional de Estad√≠sticas (ONE).

  • The Telecommunications Unit of Barbados released figures for the 2013 year, in the mobile sector, there have been instances of net declines in the market, particularly in 2013, with losses of over 40,000 subscriptions. At the end of 2013, there were 307,708 mobile subscribers, a penetration of 108%.

  • CWC reported group revenues of USD1.873bn in the company's financial 2013/14 year ending March 2014. This was a contraction of 4% compared to USD1.942bn in FY12/13. The company's Fixed voice and Enterprise, data and other segments were the key drivers of this decline, falling by 10% and 14% respectively, year-on-year (y-o-y). Within the Caribbean unit, revenues decreased by 7%, from USD1.120bn to USD1.045bn at the end of 2013.

Risk/Reward Ratings

Table of Contents

BMI Industry View
9
SWOT
12
Industry Forecast
14
Bahamas
14
Table: Telecoms Sector - Historical Data & Forecasts (Bahamas 2011-2018)
14
Barbados
17
Table: Telecoms Sector - Historical Data & Forecasts (Barbados 2011-2018)
17
Bermuda
19
Table: Telecoms Sector - Historical Data & Forecasts (Bermuda 2011-2018)
19
Cayman Islands
21
Table: Telecoms Sector - Historical Data & Forecasts (Cayman Islands 2011-2018)
21
Cuba
23
Table: Telecoms Sector - Historical Data & Forecasts (Cuba 2011-2018)
23
Dominican Republic
26
Table: Telecoms Sector - Historical Data & Forecasts (Dominican Republic 2011-2018)
26
Haiti
27
Table: Telecoms Sector - Historical Data & Forecasts (Haiti 2011-2018)
27
Jamaica
30
Table: Telecoms Sector - Historical Data & Forecasts (Jamaica 2011-2018)
30
Puerto Rico
32
Table: Telecoms Sector - Historical Data & Forecasts (Puerto Rico 2011-2018)
32
Trinidad & Tobago
34
Table: Telecoms Sector - Historical Data & Forecasts (Trinidad & Tobago 2011-2018)
34
Industry Risk Reward Ratings
36
Caribbean Risk Reward Ratings
36
Table: Caribbean Risk/Reward Ratings, Q414
39
Market Overview
40
Bahamas
40
Key Developments
40
Mobile Growth
41
Table: Bahamas Mobile Market, June 2014
45
Fixed Line
45
Broadband
47
Barbados
49
Key Developments
49
Mobile Growth
50
Table: Barbados Mobile Market, December 2013
52
Fixed Line
52
Broadband
53
Table: Barbados Internet Licence Holders
55
Bermuda
56
Fixed Line
60
Broadband
61
Table: Previous Licence Assignments By Class
64
Cayman Islands
65
Fixed Line
68
Broadband
71
Cuba
73
Key Developments
73
Mobile Growth
74
Table: Cuba Mobile Market, June 2014
78
Fixed Line
79
Broadband
80
Dominican Republic
83
Key Developments
83
Mobile Growth
84
Table: Dominican Republic Mobile Market, June 2014
87
Fixed Line
88
Broadband
89
Haiti
92
Key Developments
92
Mobile Growth
92
Table: Haiti Mobile Market, March 2014
96
Fixed Line
96
Broadband
97
Jamaica
99
Key Developments
99
Mobile
100
Table: Jamaica Mobile Market, March 2014
106
Fixed Line
106
Broadband
106
Puerto Rico
108
Key Developments
108
Mobile
109
Table: Puerto Rico Mobile Market, June 2014
112
Fixed Line
113
Broadband
113
Pay-TV
114
Trinidad & Tobago
116
Key Developments
116
Mobile Growth
117
Fixed Line
122
Broadband
123
Table: Trinidad & Tobago Fixed Internet Market
125
Regulatory Development
126
Regulatory Environment And Industry Developments
126
Table: Caribbean Telecoms Regulators
126
Competitive Landscape
138
Table: Key Players - Caribbean Telecoms Sector
138
Table: Selected Operators' Financial Indicators
139
Company Profile
140
LIME (Cable & Wireless Communications)
140
Digicel
146
Regional Overview
152
MercadoLibre Expands Latin America E-Commerce Empire
152
Table: MercadoLibre's Operations
158
Demographic Forecast
159
Bahamas
159
Table: Bahamas' Population By Age Group, 1990-2020 ('000)
160
Table: Bahamas' Population By Age Group, 1990-2020 (% of total)
161
Table: Bahamas' Key Population Ratios, 1990-2020
162
Table: Bahamas' Rural And Urban Population, 1990-2020
162
Barbados
163
Table: Barbados' Population By Age Group, 1990-2020 ('000)
164
Table: Barbados' Population By Age Group, 1990-2020 (% of total)
165
Table: Barbados' Key Population Ratios, 1990-2020
166
Table: Barbados' Rural And Urban Population, 1990-2020
166
Dominican Republic
167
Table: The Dominican Republic's Population By Age Group, 1990-2020 ('000)
168
Table: The Dominican Republic's Population By Age Group, 1990-2020 (% of total)
169
Table: The Dominican Republic's Key Population Ratios, 1990-2020
170
Table: The Dominican Republic's Rural And Urban Population, 1990-2020
170
Haiti
171
Table: Haiti's Population By Age Group, 1990-2020 ('000)
172
Table: Haiti's Population By Age Group, 1990-2020 (% of total)
173
Table: Haiti's Key Population Ratios, 1990-2020
174
Table: Haiti's Rural And Urban Population, 1990-2020
174
Jamaica
175
Table: Jamaica's Population By Age Group, 1990-2020 ('000)
176
Table: Jamaica's Population By Age Group, 1990-2020 (% of total)
177
Table: Jamaica's Key Population Ratios, 1990-2020
178
Table: Jamaica's Rural And Urban Population, 1990-2020
178
Puerto Rico
179
Table: Puerto Rico's Population By Age Group, 1990-2020 ('000)
180
Table: Puerto Rico's Population By Age Group, 1990-2020 (% of total)
181
Table: Puerto Rico's Key Population Ratios, 1990-2020
182
Table: Puerto Rico's Rural And Urban Population, 1990-2020
182
Trinidad & Tobago
183
Table: Trinidad & Tobago's Population By Age Group, 1990-2020 ('000)
184
Table: Trinidad & Tobago's Population By Age Group, 1990-2020 (% of total)
185
Table: Trinidad & Tobago's Key Population Ratios, 1990-2020
186
Table: Trinidad & Tobago's Rural And Urban Population, 1990-2020
186
Glossary
187
Table: Glossary Of Terms
187
Methodology
189
Industry Forecast Methodology
189
Sources
191
Risk/Reward Ratings Methodology
191
Table: Risk/Reward Ratings Indicators
192
Table: Weighting Of Indicators
193

The Caribbean Telecommunications Report features Business Monitor International (BMI)'s independent industry forecasts on the future strength of Barbados, Bahamas, Jamaica, Trinidad & Tobago, Cuba, Haiti, Martinique, Dominican Republic, Puerto Rico, Guadeloupe's ICT market, covering the fixed-line, mobile and internet segments and analyses latest regulatory developments and corporate news, including investment activity, mergers and acquisitions, joint ventures and partnerships. Leading operators and manufacturers are fully profiled, highlighting their quarterly financial performance, capital expenditure plans and latest contracts.

BMI's Caribbean Telecommunications Report provides industry professionals and researchers, operators, equipment suppliers and vendors, corporate and financial services analysts and regulatory bodies with independent forecasts and competitive intelligence on the telecoms industry in Barbados, Bahamas, Jamaica, Trinidad & Tobago, Cuba, Haiti, Martinique, Dominican Republic, Puerto Rico, Guadeloupe.

Key Benefits

  • Benchmark BMI's independent telecoms industry forecasts for Barbados, Bahamas, Jamaica, Trinidad & Tobago, Cuba, Haiti, Martinique, Dominican Republic, Puerto Rico, Guadeloupe to test other views - a key input for successful budgeting and strategic business planning in the Barbadian, Bahamian, Jamaican, Trinidadian, Cuban, Haitian, Martiniquais, Dominican, Puerto Rican, Guadeloupe telecoms market.
  • Target business opportunities and risks in Barbados, Bahamas, Jamaica, Trinidad & Tobago, Cuba, Haiti, Martinique, Dominican Republic, Puerto Rico, Guadeloupe's telecoms sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Barbados, Bahamas, Jamaica, Trinidad & Tobago, Cuba, Haiti, Martinique, Dominican Republic, Puerto Rico, Guadeloupe.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).

Coverage

BMI Industry View

Summary of BMI’s key industry forecasts and views, covering the ARPU, fi xed-line, mobile (including 3G & 4G ), internet and broadband markets.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the wireline and wireless sectors and within the broader political, economic and business environment.

BMI Industry Forecast Scenario

Historic data series (2010-2013) and forecasts to end-2019 for all key industry indicators, supported by explicit assumptions, plus analysis of key downside risks to the main forecast.

  • Fixed-line Telephony – Telephone lines (‘000); telephone lines/100 inhabitants.
  • Cellular Telephony – Mobile phone subscribers (‘000); mobile phone subscribers/100 inhabitants; and where available, 3G & 4G subscribers (‘000); 3G & 4G subscribers/100 inhabitants; 3G & 4G subscribers as a percentage of overall mobile market.
  • Internet Markets – Internet users (‘000); internet users/100 inhabitants; broadband internet subscribers (‘000); broadband internet subscribers/100 inhabitants.

BMI’s Telecommunications Risk Reward Index

BMI’s Risk Reward Indices provide investors (vendors, operators and suppliers) looking for opportunities in the region with a clear country comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and demographic data points to provide an Indices of highest to lowest appeal to investors, with each position explained.

Market Data Analysis

Detailed market analysis of the mobile, mobile content, fixed-line and internet segments, broken down into:

  • Market Data – Analysis of market size, operator shares, dominant trends, competitive landscape and key quarterly data.
  • Technology/Service Rollout – Analysis of rollout/adoption of new technology, such as 3G & 4G, WiMAX, IPTV, pay-TV, LTE and valueadded handset services (gaming, music, video, apps etc.).
  • Mobile Content – The latest trends in content and services available and being introduced by mobile operators, including a timeline of all the latest major mobile content developments.
    Company Database – A comprehensive breakdown of KPIs of the leading mobile operators, including subscriber figures by type (pre-paid and post-paid); 3G & 4G subscriber figures; net additions; market share; ARPU; churn rates; minutes of use; voice and non-voice revenue; financial figures (including operating revenues, net profits and EBITDA).

Regulatory Environment

Details of the regulatory bodies and their responsibilities, as well as a special focus on the rules surrounding competition and interconnection. Also covers the latest updates in the market’s development and regulatory rulings.

Company Profiles*

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI’s industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate Company SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

Sources

The Telecommunications Reports draw on an extensive network of primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports.

*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc