Boston, MA -- (ReleaseWire) -- 06/18/2014 -- BMI View: While Venezuela has made headway into 4G with its recent 4G mobile licence tender, we remain bearish towards its impact on mobile broadband growth. U ncertainty regarding the political situation a long with the deteriorating economy has lowered confidence and caus ed Venezuelans to leave their higher-value subscriptions for more basic ones. The ongoing threat of socialist reforms continues to weigh heavily on the Venezuelan investment climate. 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. For now, the government continues to push a telecoms access for all policy, with growth momentum maintai ned during Q213 in mobile, fixed- line, broadband and pay-TV services.
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- In the fixed-line market, Venezuela continues to report growth, according to Conatel. The market finished with 7.86mn subscriptions in 2013, up by 2.8% from 2012 levels.
- Conatel reported Venezuela had 14.95mn internet users and 3.7mn broadband subscriptions in 2013.
Key Trends & Developments
President Nicol?s Maduro has issued a decree to transfer Venezue la's telecoms regulator Conatel to operate under the authority of the Ministry of Popular Power for Communication and Information (MinCI). Additionally, the Venezuelan government has issued its second announcement for the tender of six blocks of spectrum in the AWS and 2.5GHz bands in order to attract new players to provide mobile 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 decision was made over concerns that TV content promoted hate and violence. Head of MinCI Delcy Rodriguez stated that the regulators would evaluate the impact TV content has in the formation of values. Industry executives have expressed commitment to adapting content to those values. In addition, ISPs...
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.
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