"Venezuela Telecommunications Report Q2 2015" Published

Despite three companies being awarded LTE spectrum in December, we remain bearish towards its impact on mobile broadband growth. Uncertainty regarding the political situation along with the deteriorating economy has lowered confidence and caused Venezuelans to leave their higher-value subscriptions for more basic ones. This situation is unlikely to change in the near future. Furthermore, the growth of mobile broadband has not been very strong. The government's heavy influence over the telecoms market, with state-owned firms playing major roles, could have negative consequences over the short-to-medium term.

Key Data

* Mobile subscriptions registered a slight decline in Q314, according to data from the telecoms regulator Conatel, with subscriptions reaching 31.530mn by the end of September 2014. This is a small dropfrom the 31.719mn subscriptions registered at the end of September 2013.
* Conatel reported Venezuela had 14.95mn internet users and 3.7mn broadband subscriptions in 2013.

Full Report Details at
- http://www.fastmr.com/prod/953273_venezuela_telecommunications_report_q2_2015.aspx?afid=301

Key Trends & Developments

Two of the country's largest operators Movilnet and Movistar and pay-TV operator DirecTV were awarded 4G spectrum in December 2014. Hyperinflation, government interference and declining mobile broadband connections will weigh on investor appetite for 4G capex in line with our bearish outlook for the technology. Digitel, currently country's only 4G provider, has only reached 100,000 4G subscribers since launching in September 2013. Despite this, Movistar has announced that it expects to invest VEF9bn (USD1.43bn) in 2014 in Venezuela and it is planning to launch commercial 4G LTE services in the capital city of Caracas in Q115. BMI believes that Movilnet will also launch 4G network soon, while DirecTV has announced that it will initially concentrate only on fixed LTE-based broadband services.

At President Maduro's request, MinCI and Conatel will regulate pay-TV content with new entity the New Television Promotor Committee to evaluate. The...

The Venezuela Telecommunications Report features Business Monitor International (BMI)'s independent industry forecasts on the future strength of Venezuela'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 Venezuela 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 Venezuela.

Key Benefits

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