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Panama Telecom Intelligence Report: New Entrants Put Pressure on Established Operators
Pyramid Research, Inc, Nov 2010
The telecommunications market in Panama is expected to generate US$1.1bn in 2010, a 16.5% increase compared to 2009. The market is expected to grow at CAGR 3.1% over the next five years, reaching nearly $1.3bn at year-end 2015. The main sectors driving growth are expected to be mobile data, fixed broadband and pay-TV.
Growth in the mobile segment is expected to be supported by a growing demand in data services, as the mobile voice segment approaches a saturation point, at an expected mobile penetration rate of 137% at year-end 2010. The entry of new players, Claro and Digicel, has put extra pressure on established operators, C&W and Movistar; competition is expected to increase as mobile number portability is implemented during 2011.
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