Caribbean Telecommunications Report

Providing expert analysis, independent forecasts and competitive intelligence on the telecommunications industry.

Report includes: BMI Industry View, Industry SWOT Analysis, BMI Industry Forecast Scenario, Telecommunications Risk Reward Index, Market Overview, Regulatory Environment, Company Profiles and Competitive

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  • Gain insight on emerging trends that could support, strengthen or disrupt your activities in the market
  • Get a full view of the competitive landscape to assess your market position.
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Caribbean Telecommunications Report
Product Price
$1,295.00

BMI View: Digicel's eventual initial public offering ( IPO ) plans bode well for the future of the Caribbean regional telecommunications market as additional funds raised in the initial stock offering will allow investment into next-generational networks and help expand the market further. While IPO plans are presently on hold at the eleventh hour, it also demonstrates the saturated nature of the telecoms industry in the Caribbean, with revenue and subscriber growth flattening. A key downside risk is the company's exposure to weak consumer spending trends in its core markets, an issue that could undermine investor confidence further down the line. Haiti and Cuba represent the largest organic growth opportunities in the region, as both are significantly underdeveloped compared to their peers. However, the risks associated with business in these two markets mean that a mobile subscription boom is far from likely.

Key Data:

  • Cayman Islands has the highest mobile penetration at over 160%, while Cuba's penetration rate will remain below 28%.

  • The number of mobile lines in Cuba reached the 3mn mark in April, up from 2.4mn lines at the start of 2015, according to data published by state-owned telecoms operator Empresa de Telecomunicaciones de Cuba (ETECSA). The increase was mainly owing to a promotion, called Si activas ganas 30, wherein new users obtained USD30 in credit for activating a line for the same amount. ETECSA revealed that 300,000 new mobile subscribers signed up in just five days due to the promotion. Digicel Jamaica currently has 1mn smartphone users on its mobile network, which accounts for more than 45% of the operator's overall subscriber base in Jamaica.

  • Haiti and Cuba will both be excellent growth markets over the course of our forecast period.

Cuba And Haiti: Primed For Growth
2013-2019
Source: Telecom Italia, BMI
BMI Industry View
9
SWOT
11
Industry Forecast
13
Bahamas
13
Table: Telecoms Sector - Historical Data & Forecasts (Bahamas 2012-2019)
13
Barbados
16
Table: Telecoms Sector - Historical Data & Forecasts (Barbados 2012-2019)
16
Bermuda
18
Table: Telecoms Sector - Historical Data & Forecasts (Bermuda 2012-2019)
18
Cayman Islands
20
Table: Telecoms Sector - Historical Data & Forecasts (Cayman Islands 2012-2019)
20
Cuba
22
Table: Telecoms Sector - Historical Data & Forecasts (Cuba 2012-2019)
22
Dominican Republic
25
Table: Telecoms Sector - Historical Data & Forecasts (Dominican Republic 2012-2019)
25
Haiti
27
Table: Telecoms Sector - Historical Data & Forecasts (Haiti 2012-2019)
27
Jamaica
29
Table: Telecoms Sector - Historical Data & Forecasts (Jamaica 2012-2019)
29
Puerto Rico
31
Table: Telecoms Sector - Historical Data & Forecasts (Puerto Rico 2012-2019)
31
Trinidad & Tobago
33
Table: Telecoms Sector - Historical Data & Forecasts (Trinidad & Tobago 2012-2019)
33
Industry Risk Reward Ratings
35
Industry Risk Reward Index
35
Table: Latin America - Q4 2015
37
Market Overview
38
Bahamas
38
Key Developments
38
Mobile Growth
38
Cable Bahamas New Favourite For Second Licence
42
Table: Bahamas Mobile Market, March 2015
44
Fixed Line
44
Broadband
47
Barbados
50
Key Developments
50
Mobile Growth
50
Table: Barbados Mobile Market, December 2014
53
Fixed Line
53
Broadband
54
Table: Barbados Internet Licence Holders
56
Bermuda
57
Duopoly Will Maintain Market Momentum
61
Fixed Line
61
Broadband
63
Table: Previous Licence Assignments By Class
67
Cayman Islands
68
Fixed Line
71
Broadband
74
Cuba
76
Key Developments
76
Mobile Growth
76
Table: Cuba Mobile Market, March 2015
82
Fixed Line
82
Broadband
84
Dominican Republic
88
Key Developments
88
Mobile Growth
88
Table: Dominican Republic Mobile Market, March 2015 (latest data available)
92
Fixed Line
92
Broadband
93
Haiti
98
Key Developments
98
Mobile Growth
98
Table: Haiti Mobile Market, December 2014
102
Fixed Line
102
Broadband
103
Jamaica
105
Key Developments
105
Mobile
105
Table: Jamaica Mobile Market, March 2015
113
Fixed Line
113
Broadband
113
Puerto Rico
116
Key Developments
116
Mobile
116
Table: Puerto Rico Mobile Market, March 2015
120
Fixed Line
121
Broadband
121
Pay-TV
122
Trinidad & Tobago
125
Key Developments
125
Mobile Growth
126
Fixed Line
131
Broadband
132
Table: Trinidad & Tobago Fixed Internet Market
134
Regulatory Development
135
Regulatory Environment And Industry Developments
135
Table: Caribbean Telecoms Regulators
135
Competitive Landscape
147
Table: Key Players - Caribbean Telecoms Sector
147
Company Profile
149
LIME (Cable & Wireless Communications)
149
Digicel
154
Demographic Forecast
160
Table: Population Headline Indicators (Barbados 1990-2025)
161
Table: Key Population Ratios (Barbados 1990-2025)
161
Table: Urban/Rural Population & Life Expectancy (Barbados 1990-2025)
162
Table: Population By Age Group (Barbados 1990-2025)
162
Table: Population By Age Group % (Barbados 1990-2025)
163
Demographic Forecast
165
Table: Population Headline Indicators (Bahamas 1990-2025)
166
Table: Key Population Ratios (Bahamas 1990-2025)
166
Table: Urban/Rural Population & Life Expectancy (Bahamas 1990-2025)
167
Table: Population By Age Group (Bahamas 1990-2025)
167
Table: Population By Age Group % (Bahamas 1990-2025)
168
Demographic Forecast
170
Table: Population Headline Indicators (Cuba 1990-2025)
171
Table: Key Population Ratios (Cuba 1990-2025)
171
Table: Urban/Rural Population & Life Expectancy (Cuba 1990-2025)
172
Table: Population By Age Group (Cuba 1990-2025)
172
Table: Population By Age Group % (Cuba 1990-2025)
173
Demographic Forecast
175
Table: Population Headline Indicators (Dominican Republic 1990-2025)
176
Table: Key Population Ratios (Dominican Republic 1990-2025)
176
Table: Urban/Rural Population & Life Expectancy (Dominican Republic 1990-2025)
177
Table: Population By Age Group (Dominican Republic 1990-2025)
177
Table: Population By Age Group % (Dominican Republic 1990-2025)
178
Demographic Forecast
180
Table: Population Headline Indicators (Haiti 1990-2025)
181
Table: Key Population Ratios (Haiti 1990-2025)
181
Table: Urban/Rural Population & Life Expectancy (Haiti 1990-2025)
182
Table: Population By Age Group (Haiti 1990-2025)
182
Table: Population By Age Group % (Haiti 1990-2025)
183
Demographic Forecast
185
Table: Population Headline Indicators (Jamaica 1990-2025)
186
Table: Key Population Ratios (Jamaica 1990-2025)
186
Table: Urban/Rural Population & Life Expectancy (Jamaica 1990-2025)
187
Table: Population By Age Group (Jamaica 1990-2025)
187
Table: Population By Age Group % (Jamaica 1990-2025)
188
Demographic Forecast
190
Table: Population Headline Indicators (Puerto Rico 1990-2025)
191
Table: Key Population Ratios (Puerto Rico 1990-2025)
191
Table: Urban/Rural Population & Life Expectancy (Puerto Rico 1990-2025)
192
Table: Population By Age Group (Puerto Rico 1990-2025)
192
Table: Population By Age Group % (Puerto Rico 1990-2025)
193
Demographic Forecast
195
Table: Population Headline Indicators (Trinidad & Tobago 1990-2025)
196
Table: Key Population Ratios (Trinidad & Tobago 1990-2025)
196
Table: Urban/Rural Population & Life Expectancy (Trinidad & Tobago 1990-2025)
197
Table: Population By Age Group (Trinidad & Tobago 1990-2025)
197
Table: Population By Age Group % (Trinidad & Tobago 1990-2025)
198
Glossary
200
Table: Glossary Of Terms
200
Methodology
202
Industry Forecast Methodology
202
Sources
204
Risk/Reward Index Methodology
204
Table: Risk/Reward Index Indicators
205
Table: Weighting Of Indicators
206

The Caribbean Telecommunications Report features BMI Research'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, fixed-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.