Caribbean Telecommunications Report

Published 09 July 2015

  • 221 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: The announcement of the IPO by pan-Caribbean operator Digicel bodes well for the future of the region, with additional funds raised for investment in next-generation networks, converged services and further market expansion. However, 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 remained below 20%.

  • 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.

Altice registered a 14% year-on-year rise in revenues to EUR169.2mn (USD190.16mn) in Q115 in the Dominican Republic. EBITDA increased 28% on a constant currency basis to EUR89mn (USD100.03mn) in the reported quarter. The operator's capital expenditure in the Dominican Republic grew 63% on a constant currency basis to EUR22.9mn (USD25.75mn), following the upgrade of its fibre and 3G networks....

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 Telecoms Risk/Reward Index, Q315
40
Market Overview
41
Bahamas
41
Key Developments
41
Mobile Growth
41
Table: Licensing Timeline
43
Cable Bahamas New Favourite For Second Licence
45
Table: Bahamas Mobile Market, March 2015
47
Fixed Line
47
Broadband
50
Barbados
53
Key Developments
53
Mobile Growth
53
Table: Barbados Mobile Market, December 2014
56
Fixed Line
56
Broadband
57
Table: Barbados Internet Licence Holders
59
Bermuda
60
Duopoly Will Maintain Market Momentum
64
Fixed Line
64
Broadband
66
Table: Previous Licence Assignments By Class
70
Cayman Islands
71
Fixed Line
74
Broadband
77
Cuba
79
Key Developments
79
Mobile Growth
79
Table: Cuba Mobile Market, March 2015
85
Fixed Line
85
Broadband
87
Dominican Republic
91
Key Developments
91
Mobile Growth
91
Table: Dominican Republic Mobile Market, March 2015 (latest data available)
95
Fixed Line
95
Broadband
96
Haiti
101
Key Developments
101
Mobile Growth
101
Table: Haiti Mobile Market, December 2014
105
Fixed Line
105
Broadband
106
Jamaica
108
Key Developments
108
Mobile
108
Table: Jamaica Mobile Market, March 2015
116
Fixed Line
116
Broadband
116
Puerto Rico
119
Key Developments
119
Mobile
119
Table: Puerto Rico Mobile Market, March 2015
123
Fixed Line
124
Broadband
124
Pay-TV
125
Trinidad & Tobago
128
Key Developments
128
Mobile Growth
129
Fixed Line
134
Broadband
135
Table: Trinidad & Tobago Fixed Internet Market
137
Latin America Mobile Content
137
Table: Most Popular Sites In Brazil
139
Regulatory Development
143
Regulatory Environment And Industry Developments
143
Table: Caribbean Telecoms Regulators
143
Competitive Landscape
155
Table: Key Players - Caribbean Telecoms Sector
155
Company Profile
157
LIME (Cable & Wireless Communications)
157
Digicel
162
Regional Overview
168
Table: SES-10
173
Table: SES-14
174
Demographic Forecast
175
Table: Population Headline Indicators (Barbados 1990-2025)
176
Table: Key Population Ratios (Barbados 1990-2025)
176
Table: Urban/Rural Population & Life Expectancy (Barbados 1990-2025)
177
Table: Population By Age Group (Barbados 1990-2025)
177
Table: Population By Age Group % (Barbados 1990-2025)
178
Demographic Forecast
180
Table: Population Headline Indicators (Bahamas 1990-2025)
181
Table: Key Population Ratios (Bahamas 1990-2025)
181
Table: Urban/Rural Population & Life Expectancy (Bahamas 1990-2025)
182
Table: Population By Age Group (Bahamas 1990-2025)
182
Table: Population By Age Group % (Bahamas 1990-2025)
183
Demographic Forecast
185
Table: Population Headline Indicators (Dominican Republic 1990-2025)
186
Table: Key Population Ratios (Dominican Republic 1990-2025)
186
Table: Urban/Rural Population & Life Expectancy (Dominican Republic 1990-2025)
187
Table: Population By Age Group (Dominican Republic 1990-2025)
187
Table: Population By Age Group % (Dominican Republic 1990-2025)
188
Demographic Forecast
190
Table: Population Headline Indicators (Jamaica 1990-2025)
191
Table: Key Population Ratios (Jamaica 1990-2025)
191
Table: Urban/Rural Population & Life Expectancy (Jamaica 1990-2025)
192
Table: Population By Age Group (Jamaica 1990-2025)
192
Table: Population By Age Group % (Jamaica 1990-2025)
193
Demographic Forecast
195
Table: Population Headline Indicators (Cuba 1990-2025)
196
Table: Key Population Ratios (Cuba 1990-2025)
196
Table: Urban/Rural Population & Life Expectancy (Cuba 1990-2025)
197
Table: Population By Age Group (Cuba 1990-2025)
197
Table: Population By Age Group % (Cuba 1990-2025)
198
Demographic Forecast
200
Table: Population Headline Indicators (Haiti 1990-2025)
201
Table: Key Population Ratios (Haiti 1990-2025)
201
Table: Urban/Rural Population & Life Expectancy (Haiti 1990-2025)
202
Table: Population By Age Group (Haiti 1990-2025)
202
Table: Population By Age Group % (Haiti 1990-2025)
203
Demographic Forecast
205
Table: Population Headline Indicators (Puerto Rico 1990-2025)
206
Table: Key Population Ratios (Puerto Rico 1990-2025)
206
Table: Urban/Rural Population & Life Expectancy (Puerto Rico 1990-2025)
207
Table: Population By Age Group (Puerto Rico 1990-2025)
207
Table: Population By Age Group % (Puerto Rico 1990-2025)
208
Demographic Forecast
210
Table: Population Headline Indicators (Trinidad & Tobago 1990-2025)
211
Table: Key Population Ratios (Trinidad & Tobago 1990-2025)
211
Table: Urban/Rural Population & Life Expectancy (Trinidad & Tobago 1990-2025)
212
Table: Population By Age Group (Trinidad & Tobago 1990-2025)
212
Table: Population By Age Group % (Trinidad & Tobago 1990-2025)
213
Glossary
215
Table: Glossary Of Terms
215
Methodology
217
Industry Forecast Methodology
217
Sources
219
Risk/Reward Index Methodology
219
Table: Risk/Reward Index Indicators
220
Table: Weighting Of Indicators
221

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.

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