Panama: Digicel and Claro with 30% of Market in 2015

Pyramid Research predicts that Digicel will reach 21.3% of the mobile market and Claro 11.7% in 2015.

Tuesday, December 14, 2010

The research firm expects the market to continue growing hand in hand with increased demand for data services, but it is close to saturation point, with a penetration of 137% in late 2010.

According to Pyramid, Claro and Digicel will take market share from dominant Cable & Wireless and Movistar, especially in prepaid phones, where there will be "fierce price competition."

"The implementation of number portability in 2011 will reinforce this trend," said Eulalia Marin-Sorribes, an analyst at Pyramid.

More on this topic

Panama: Strong Competition in Cellular Telephone Services

April 2009

The four mobile phone companies will compete for the market with heavy promotions and aggressive strategies in Panama.

Competition between Digicel, Telefónica Movistar, +Mobile Cable & Wireless and Claro in order to attract more customers with prepaid service plans has increased.

Telecommunications Market in Panama

August 2010

The entrance into the market by Digicel and Claro in 2009 has caused cellular telephony prices to fall and increased competition in promotions and special offers.

Overall, telecommunications sales in Panama are expected to exceed $1 billion in 2010, with most growth in broadband Internet and mobile phone services.

Realities of Mobile Telephony in Panama

March 2012

Cable & Wireless Panama (CWP), Telefonica Panama, Digicel Panama and Claro are the companies competing for the local market.

Panama has 3.3 million inhabitants and 7,281,074 registered mobile phone lines, according to the National Authority of Public Services (ASEP), which is more than two lines per person.

More competition will lower the cost of cell phones in Panama

October 2008

The cost of cell phones in Panama is higher than what others in Central America and the Caribbean countries pay.

Digicel and Claro Panama, which obtained cellular licenses, should enter the Panama market in the next few months to start competing with Cable & Wireless (C&W) and Movistar.

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