Browse the complete Report on: Venezuela Telecommunications Report Q4 2010
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BMI’s latest quarterly update on Venezuela’s telecommunications market sees significant changes to our five-year forecast for the growth of the country’s mobile subscriber base. The latest data from Venezuelan telecoms regulator Codatel suggests that both the number of registered and active mobile customers shrank in Q110. The country’s second largest operator Movistar, which is owned by Spain’s Telefónica, reported a significant drop in customer numbers in the first quarter, owing to the deduction of inactive prepaid users from the operator’s reported total. State-owned Movilnet also saw a shrinking customer base in the first quarter. As a result of inactive customer deductions, Venezuela’s mobile market penetration rate fell to 102.9% in March, from 104.5% in the previous quarter, according to the regulator’s data. Furthermore, even when only active mobile subscriptions are counted, the penetration rate appears to have fallen in the first quarter of the year, dropping 0.8 percentage points to reach 98.4%. This development suggests that a larger number of mobile users fell into the inactive category as defined by the regulator.
We believe that recent trends in Venezuela’s mobile market point to increasing saturation and the likelihood of limited future growth. Our newly revised forecast for the mobile sector envisages market penetration reaching 99.5% at the end of 2014. Between 2010 and 2014, we predict that the market will grow at an annual average rate of around 2.3%. Although further growth will be supported by Venezuela’s expanding population, we do not expect the penetration rate, based on active users, to cross the 100% mark.
Despite our expectation of limited future growth for Venezuela’s mobile market, second-ranked Movistar continues to report steady growth in the number of postpaid subscribers, as well as higher-spending data service users. BMI believes it is these segments which offer longer-term growth potential. Indeed, there are considerable opportunities for the Venezuelan operators to migrate prepaid users onto contract services.
Although, our fixed-line telephony forecast remains unchanged this quarter, we have made some slight revisions to our internet user and broadband subscriber forecasts, predicting stronger growth in our latter forecast years. In the long-term, we predict that mobile broadband services will emerge as an important way of providing high-speed internet connectivity. In the meantime, we believe that the prepaid broadband service offered by national incumbent operator CANTV (Compañía Anónima Nacional Teléfonos de Venezuela) will remain a popular means for encouraging first-time subscribers to get online.
This quarter sees Venezuela rise from ninth to fifth position in BMI’s Business Environment Ratings for Latin America. The new improved position for Venezuela is the result of a higher score in all four of the categories surveyed by BMI. Although Venezuela scores above average for the region in the Industry Rewards and Country Rewards categories, it scores well below average in the Industry Risks and Country Risks categories.
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Original Source : Venezuela Telecommunication Market
Browse All Business Monitor International Market Research Reports
BMI’s latest quarterly update on Venezuela’s telecommunications market sees significant changes to our five-year forecast for the growth of the country’s mobile subscriber base. The latest data from Venezuelan telecoms regulator Codatel suggests that both the number of registered and active mobile customers shrank in Q110. The country’s second largest operator Movistar, which is owned by Spain’s Telefónica, reported a significant drop in customer numbers in the first quarter, owing to the deduction of inactive prepaid users from the operator’s reported total. State-owned Movilnet also saw a shrinking customer base in the first quarter. As a result of inactive customer deductions, Venezuela’s mobile market penetration rate fell to 102.9% in March, from 104.5% in the previous quarter, according to the regulator’s data. Furthermore, even when only active mobile subscriptions are counted, the penetration rate appears to have fallen in the first quarter of the year, dropping 0.8 percentage points to reach 98.4%. This development suggests that a larger number of mobile users fell into the inactive category as defined by the regulator.
We believe that recent trends in Venezuela’s mobile market point to increasing saturation and the likelihood of limited future growth. Our newly revised forecast for the mobile sector envisages market penetration reaching 99.5% at the end of 2014. Between 2010 and 2014, we predict that the market will grow at an annual average rate of around 2.3%. Although further growth will be supported by Venezuela’s expanding population, we do not expect the penetration rate, based on active users, to cross the 100% mark.
Despite our expectation of limited future growth for Venezuela’s mobile market, second-ranked Movistar continues to report steady growth in the number of postpaid subscribers, as well as higher-spending data service users. BMI believes it is these segments which offer longer-term growth potential. Indeed, there are considerable opportunities for the Venezuelan operators to migrate prepaid users onto contract services.
Although, our fixed-line telephony forecast remains unchanged this quarter, we have made some slight revisions to our internet user and broadband subscriber forecasts, predicting stronger growth in our latter forecast years. In the long-term, we predict that mobile broadband services will emerge as an important way of providing high-speed internet connectivity. In the meantime, we believe that the prepaid broadband service offered by national incumbent operator CANTV (Compañía Anónima Nacional Teléfonos de Venezuela) will remain a popular means for encouraging first-time subscribers to get online.
This quarter sees Venezuela rise from ninth to fifth position in BMI’s Business Environment Ratings for Latin America. The new improved position for Venezuela is the result of a higher score in all four of the categories surveyed by BMI. Although Venezuela scores above average for the region in the Industry Rewards and Country Rewards categories, it scores well below average in the Industry Risks and Country Risks categories.
About Us
ReportsandReports comprises an online library of 10,000 reports, in-depth market research studies of over 5000 micro markets, and 25 industry specific websites. Our client list boasts almost all well-known publishers of such reports across the globe. We as a third-party reseller of market research reports employ a number of marketing tools, such as press releases, email-marketing and effective search-engine optimization techniques to drive revenues for our clients. We also provide 24/7 online and offline support service to our customers.
Contact:
Ms. Sunita
7557 Rambler road,
Suite 727, Dallas, TX 75231
Tel: +1-888-989-8004
http://reportsandreports.blogspot.com/
http://reportsandreports.proarticles.co.uk/
http://reportsnreports.wordpress.com/
Original Source : Venezuela Telecommunication Market
