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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  • 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: The region ' s telecoms markets are increasingly competitive, with four out of eight Central American countries having introduced mobile number portability. In several Central American markets, high mobile penetration rates have significantly slowed subscriber growth. However, markets such as Nicaragua offer considerable growth potential. Government intervention remains a problem in some regional markets such as Guatemala , where it is seemingly increasing . Across the region, data-driven 3G/4G services offer strong future potential and the region ' s largest operators are investing heavily into new infrastructure and technologies for such technological uptake .

Key Data

  • We have revised our forecasts for the Guatemalan mobile market and hold the view that a much slower growth will be seen throughout our forecast period to 2020. Continued growth will also be counterbalanced by the deduction of inactive prepaid accounts from operators' reported total.

  • In El Salvador, which has one of the region's highest mobile penetration rates, the competitive environment is strong, but there are signs that subscriber growth is slowing down. We expect the trend of steady but moderate growth to continue throughout our forecast period to 2020. Operators, however, will have new opportunities in 3G and 4G services and offering mobile data products to their subscribers.

  • The high mobile penetration rate in Honduras suggests there is a high proportion of multiple SIM owners and inactive subscriptions that were taken up due to operator promotions. However, we believe operators will focus on driving up revenues from existing subscribers and focus less on acquiring new ones. This is amid an increasing focus on 4G and increasing availability of 3G and lower cost smartphones .

Slowing Growth As Markets Mature
Mobile Penetration Rates
e/f = BMI estimate/forecast. Source: Operators, regulators, BMI
BMI Industry View
7
SWOT
8
Industry Forecast
10
Belize
10
Table: Telecoms Sector - Historical Data & Forecasts (Belize 2013-2020)
12
Costa Rica
12
Table: Telecoms Sector - Historical Data & Forecasts (Costa Rica 2013-2020)
15
El Salvador
15
Table: Telecoms Sector - Historical Data & Forecasts (El Salvador 2013-2020)
17
Guatemala
17
Table: Telecoms Sector - Historical Data & Forecasts (Guatemala 2013-2020)
19
Honduras
20
Table: Telecoms Sector - Historical Data & Forecasts (Honduras 2013-2020)
21
Nicaragua
22
Table: Telecoms Sector - Historical Data & Forecasts (Nicaragua 2013-2020)
24
Panama
24
Table: Telecoms Sector - Historical Data & Forecasts (Panama 2013-2020)
26
Industry Risk Reward Index
28
Latin America Telecoms Risk Reward Index
28
Table: Latin Americas Telecoms Risk/Rewards Index - Q216
30
Industry Risk Reward Index
32
Table: Latin Americas Telecoms Risk/Rewards Index - Q2 2016
34
Market Overview
35
Belize
35
Market Drivers And Trends
35
Table: Belize Telemedia Ltd Subscribers ('000)
36
Table: Belize - Mobile Market, June 2015
38
Wireline Voice & Broadband
38
Costa Rica
41
Market Drivers And Trends
41
Recent Developments
41
Table: Mobile Market, June 2015
46
Wireline Voice & Broadband
46
Table: Fixed Internet Market Share, 2012
49
El Salvador
51
Market Drivers And Trends
51
Recent Developments
51
Table: Tigo a Clear Market Leader, But Claro Catching Up
53
Wireline Voice & Broadband
54
Guatemala
55
Market Drivers And Trends
55
Recent Developments
55
Table: Tigo Has a Strong Hold on the Market, June 2015
56
Wireline Voice & Broadband
57
Table: Claro Dominates the Fixed-Line Market, December 2013
57
Honduras
58
Market Drivers And Trends
58
Table: Tigo and Claro Fight for Market Dominance, June 2015
60
Wireline Voice & Broadband
61
Table: Fixed-Line Usage is in Terminal Decline, 2007-2012 ('000)
61
Nicaragua
62
Table: Close Competition for Market Dominance, June 2015
64
Wireline Voice & Broadband
64
Broadband
65
Table: Clear is The Clear Leader in the Internet Market (%)
67
Panama
68
Market Drivers and Trends
68
Recent Developments
68
Table: Three Operators Fight For Market Dominance, June 2015
70
Wireline Voice & Broadband
71
Table: Fixed-Line Market, 2007-2013 ('000)
72
Regulatory Development
75
Table: Central America's Telecoms Regulators
75
Belize
75
Costa Rica
75
El Salvador
76
Guatemala
77
Honduras
78
Nicaragua
78
Panama
79
Company Profile
80
Am-rica M-vil
80
Millicom International Cellular
84
Demographic Forecast
88
Demographic Outlook
88
Table: Population Headline Indicators (Belize 1990-2025)
89
Table: Key Population Ratios (Belize 1990-2025)
89
Table: Urban/Rural Population & Life Expectancy (Belize 1990-2025)
90
Table: Population By Age Group (Belize 1990-2025)
90
Table: Population By Age Group % (Belize 1990-2025)
91
Demographic Outlook
93
Table: Population Headline Indicators (Costa Rica 1990-2025)
94
Table: Key Population Ratios (Costa Rica 1990-2025)
94
Table: Urban/Rural Population & Life Expectancy (Costa Rica 1990-2025)
95
Table: Population By Age Group (Costa Rica 1990-2025)
95
Table: Population By Age Group % (Costa Rica 1990-2025)
96
Demographic Outlook
98
Table: Population Headline Indicators (Guatemala 1990-2025)
99
Table: Key Population Ratios (Guatemala 1990-2025)
99
Table: Urban/Rural Population & Life Expectancy (Guatemala 1990-2025)
100
Table: Population By Age Group (Guatemala 1990-2025)
100
Table: Population By Age Group % (Guatemala 1990-2025)
101
Demographic Outlook
103
Table: Population Headline Indicators (Honduras 1990-2025)
104
Table: Key Population Ratios (Honduras 1990-2025)
104
Table: Urban/Rural Population & Life Expectancy (Honduras 1990-2025)
105
Table: Population By Age Group (Honduras 1990-2025)
105
Table: Population By Age Group % (Honduras 1990-2025)
106
Demographic Outlook
108
Table: Population Headline Indicators (Nicaragua 1990-2025)
109
Table: Key Population Ratios (Nicaragua 1990-2025)
109
Table: Urban/Rural Population & Life Expectancy (Nicaragua 1990-2025)
110
Table: Population By Age Group (Nicaragua 1990-2025)
110
Table: Population By Age Group % (Nicaragua 1990-2025)
111
Demographic Forecast
113
Table: Population Headline Indicators (Panama 1990-2025)
114
Table: Key Population Ratios (Panama 1990-2025)
114
Table: Urban/Rural Population & Life Expectancy (Panama 1990-2025)
115
Table: Population By Age Group (Panama 1990-2025)
115
Table: Population By Age Group % (Panama 1990-2025)
116
Demographic Outlook
117
Table: Population Headline Indicators (El Salvador 1990-2025)
119
Table: Key Population Ratios (El Salvador 1990-2025)
119
Table: Urban/Rural Population & Life Expectancy (El Salvador 1990-2025)
120
Table: Population By Age Group (El Salvador 1990-2025)
120
Table: Population By Age Group % (El Salvador 1990-2025)
121
Glossary
123
Table: Glossary Of Terms
123
Methodology
125
Industry Forecast Methodology
125
Sources
127
Risk/Reward Index Methodology
127
Table: Risk/Reward Index Indicators
128
Table: Weighting Of Indicators
129

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.