Revenues for this market were $1.9 billion in 2009, out of which 62% was generated by the mobile segment, according to a recent study by Pyramid Research. This segment would grow at a 13.7% annual rate over the next 5 years and "though messaging will remain the main source of revenue, connectivity will gain more than 10 percentage points of total revenue fueled by mobile Internet and mobile broadband", states a press release in Reuters.com.

The report also highlights opportunities in broadband internet, because "penetration of households still remains at 4 percent, [so] there is plenty of opportunity for operators to grab additional subscriptions". Broadband income will rise to $81 million in 2014, up from $36 million in 2009.

The complete report can be obtained through Pyramid Research.

Source: Reuters

More on this topic

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January 2012

A study by Pyramid Research says that the telecommunications market in 2011 generated revenues of $2,400 million.

Of the total, 69% ($1,600 million) corresponds to the mobile phone business and the rest is divided between internet, cable television and fixed telephony services.

Telephony Market Sums $ 2.1 Billion in Guatemala

November 2010

Telephony revenue increased 10.5% between 2008 and 2009; the sector represents 6.5% of GDP and 8.3% of tax revenue.

According to reports published by Pyramid Research, the telephone market in Guatemala generated revenue of $ 2.1 billion in 2009, of which $ 1.37 billion (66%) were generated by mobile services.

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.

Nicaragua: Mobile Penetration to Top 80% in 2015

July 2010

A study forecasts that Nicaragua’s mobile telephony market will grow up to $655 million in 2015.

In its most recent study, Pyramid Research estimated that mobile penetration in Nicaragua will grow from 53.9% in 2010 to over 80% in 2015.

Pyramid also expects the market to grow at a compound annual growth rate of 6.5% over the next five years to advance from $478 million for 2010 to $655 million in 2015, well ahead of the 3.7% average expected for Latin America, notes Jose Magana, Senior Analyst at Pyramid Research.