Abstract
The telecom market in Panama generated $761m in 2008. It will expand to
generate more than $1.1bn by 2014, a 4.8% CAGR rate fueled by mobile data
services, fixed broadband and pay-TV services. The entry of two new mobile
operators in 2008 (Claro and Digicel) will help to bring mobile penetration
from 71% in 2007 to around 120% by the end of 2009, clearing the way for
expansion in mobile data services.
In the fixed segment, we anticipate a change in market dynamics as a result of
intensified competition in bundling by C&W and Cable Onda. Broadband will
expand at a CAGR of 12.6% over the next five years, while VoIP will advance at
a rate of 39.0% over the same period.
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