Central America 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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  • Benefit from the latest market opportunities
  • Understand the threats to your operations and investments and protect your company against future risks
  • 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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Central America Telecommunications Report
Product Price
$1,295.00

BMI View: On the back of regulators renewing their efforts of auctioning spectrum and operators increasingly making investments aimed at deploying or expanding advanced data networks; we believe that 3G/4G will be a key growth driver in the regional telecoms market. Equally significant is the low regional broadband penetration which presents organic subscriber growth opportunities. Although per capita incomes in the region remain low, we believe that governments placing greater emphasis on national broadband policies will be key in increasing broadband penetration within the region. With that said, we expect mobile and IP substitution to continue to negatively impact fixed voice subscriptions.

Latest Updates & Industry Developments

  • Our forecasts have been updated to reflect the launch of a third mobile operator in Nicaragua. In April 2016 Xinwei launched mobile services under the CooTel brand after being granted a mobile licence in November 2012. Despite the delayed launch, we believe the presence of CooTel in Nicaragua will stimulate competition in the mobile market.

  • Operators in Costa Rica are placing greater emphasis on 3G/4G, following the late introduction of the technology in the market. In July 2016, ICE-owned Kolbi reported that it had rolled out 4G LTE services to 24 new locations and expanded its 3G network in nine areas over the past three months. In that regard, we expect 3G/4G services to offer robust growth opportunities in the overall telecoms market. In Q216 Liberty Global International (LGI) attributed Cable and Wireless Panama's (CWP) operations to its Latin American subsidiary LiLAC. We believe that the acquisition will be integral to CWP making further network investments such as more efficient broadband networks. This will partly drive subscription growth, for instance, in the broadband and converged service market.

Slowing Growth As Markets Mature
Mobile Penetration Rates (%)
e/f = BMI estimate/forecast. Source: National sources, BMI
BMI Industry View
9
SWOT
11
Industry Forecast
13
Belize
13
Latest Updates
13
Structural Trends
13
Table: Telecoms Sector - Historical Data & Forecasts (Belize 2013-2020)
15
Costa Rica
16
Structural Trends
16
Table: Telecoms Sector - Historical Data & Forecasts (Costa Rica 2013-2020)
18
El Salvador
19
Latest Updates
19
Structural Trends
19
Table: Telecoms Sector - Historical Data & Forecasts (El Salvador 2013-2020)
21
Guatemala
22
Latest Updates
22
Structural Trends
22
Table: Telecoms Sector - Historical Data & Forecasts (Guatemala 2013-2020)
24
Honduras
25
Latest Updates
25
Structural Trends
25
Table: Telecoms Sector - Historical Data & Forecasts (Honduras 2013-2020)
27
Nicaragua
28
Structural Trends
28
Table: Telecoms Sector - Historical Data & Forecasts (Nicaragua 2013-2020)
30
Panama
31
Structural Trends
31
Table: Telecoms Sector - Historical Data & Forecasts (Panama 2013-2020)
32
Industry Risk Reward Index
33
Latin America Risk/Reward Index
33
Table: Latin America - Telecoms Risk/Reward Index, Q3 2016
35
Market Overview
37
Belize
37
Market Drivers And Trends
37
Mobile
37
Table: Belize Telemedia Ltd Subscribers ('000)
38
Table: Belize - Mobile Market, December 2015
40
Wireline Voice & Broadband
40
Costa Rica
43
Market Drivers And Trends
43
Recent Developments
43
Mobile
43
Table: Mobile Market, June 2015
48
Wireline Voice & Broadband
48
Table: Fixed Internet Market Share, 2012
51
El Salvador
53
Market Drivers & Trends
53
Mobile
53
Table: Tigo a Clear Market Leader, But Claro Catching Up
54
Wireline Voice & Broadband
55
Guatemala
57
Market Drivers And Trends
57
Mobile
57
Table: Tigo Has a Strong Hold on the Market, December 2015
58
Wireline Voice & Broadband
59
Table: Claro Dominates the Fixed-Line Market, December 2013
59
Honduras
60
Market Drivers And Trends
60
Mobile
60
Table: Tigo and Claro Fight for Market Dominance, December 2015
62
Wireline Voice & Broadband
63
Table: Fixed-Line Usage is in Terminal Decline, 2007-2012 ('000)
63
Nicaragua
64
Market Drivers And Trends
64
Mobile
64
Table: Close Competition for Market Dominance, June 2015
66
Wireline Voice & Broadband
66
Broadband
67
Table: Clear is The Clear Leader in the Internet Market (%)
69
Panama
70
Market Drivers and Trends
70
Mobile
70
Table: Three Operators Fight For Market Dominance, June 2015
72
Wireline Voice & Broadband
73
Table: Fixed-Line Market, 2007-2013 ('000)
74
Regulatory Development
77
Table: Central America's Telecoms Regulators
77
Belize
77
Costa Rica
77
El Salvador
78
Guatemala
79
Honduras
80
Nicaragua
80
Panama
81
Company Profile
82
Am-rica M-vil (Claro)
82
Millicom International Cellular
85
Demographic Forecast
89
Demographic Outlook
89
Table: Population Headline Indicators (Belize 1990-2025)
90
Table: Key Population Ratios (Belize 1990-2025)
90
Table: Urban/Rural Population & Life Expectancy (Belize 1990-2025)
91
Table: Population By Age Group (Belize 1990-2025)
91
Table: Population By Age Group % (Belize 1990-2025)
92
Demographic Outlook
94
Table: Population Headline Indicators (Costa Rica 1990-2025)
95
Table: Key Population Ratios (Costa Rica 1990-2025)
95
Table: Urban/Rural Population & Life Expectancy (Costa Rica 1990-2025)
96
Table: Population By Age Group (Costa Rica 1990-2025)
96
Table: Population By Age Group % (Costa Rica 1990-2025)
97
Demographic Outlook
99
Table: Population Headline Indicators (Guatemala 1990-2025)
100
Table: Key Population Ratios (Guatemala 1990-2025)
100
Table: Urban/Rural Population & Life Expectancy (Guatemala 1990-2025)
101
Table: Population By Age Group (Guatemala 1990-2025)
101
Table: Population By Age Group % (Guatemala 1990-2025)
102
Demographic Outlook
104
Table: Population Headline Indicators (Honduras 1990-2025)
105
Table: Key Population Ratios (Honduras 1990-2025)
105
Table: Urban/Rural Population & Life Expectancy (Honduras 1990-2025)
106
Table: Population By Age Group (Honduras 1990-2025)
106
Table: Population By Age Group % (Honduras 1990-2025)
107
Demographic Outlook
109
Table: Population Headline Indicators (Nicaragua 1990-2025)
110
Table: Key Population Ratios (Nicaragua 1990-2025)
110
Table: Urban/Rural Population & Life Expectancy (Nicaragua 1990-2025)
111
Table: Population By Age Group (Nicaragua 1990-2025)
111
Table: Population By Age Group % (Nicaragua 1990-2025)
112
Demographic Outlook
114
Table: Population Headline Indicators (Panama 1990-2025)
115
Table: Key Population Ratios (Panama 1990-2025)
115
Table: Urban/Rural Population & Life Expectancy (Panama 1990-2025)
116
Table: Population By Age Group (Panama 1990-2025)
116
Table: Population By Age Group % (Panama 1990-2025)
117
Demographic Outlook
118
Table: Population Headline Indicators (El Salvador 1990-2025)
120
Table: Key Population Ratios (El Salvador 1990-2025)
120
Table: Urban/Rural Population & Life Expectancy (El Salvador 1990-2025)
121
Table: Population By Age Group (El Salvador 1990-2025)
121
Table: Population By Age Group % (El Salvador 1990-2025)
122
Glossary
124
Table: Glossary Of Terms
124
Methodology
126
Industry Forecast Methodology
126
Sources
128
Risk/Reward Index Methodology
128
Table: Risk/Reward Index Indicators
129
Table: Weighting Of Indicators
130

The Central America Telecommunications Report features BMI Research's independent industry forecasts on the future strength of Panama, Guatemala, Nicaragua, El Salvador, Costa Rica, Belize, Honduras'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 Central America 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 Panama, Guatemala, Nicaragua, El Salvador, Costa Rica, Belize, Honduras.

Key Benefits

  • Benchmark BMI's independent telecoms industry forecasts for Panama, Guatemala, Nicaragua, El Salvador, Costa Rica, Belize, Honduras to test other views - a key input for successful budgeting and strategic business planning in the Panamanian, Guatemalan, Nicaraguan, Salvadoran, Costa Rican, Belizean, Honduran telecoms market.
  • Target business opportunities and risks in Panama, Guatemala, Nicaragua, El Salvador, Costa Rica, Belize, Honduras's telecoms sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Panama, Guatemala, Nicaragua, El Salvador, Costa Rica, Belize, Honduras.
  • 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.