Venezuela’s Economic Crisis Stifling the Telecoms Sector
Venezuela’s telecom sector continues to feel the pinch
All areas of Venezuela’s telecom market have been affected by the ongoing economic crisis. The stress on household expenditure has resulted in lower revenue for operators, while the exceptional hyperinflation has rendered it difficult for telcos to pay for the equipment necessary to maintain or upgrade infrastructure. This difficult environment has been exacerbated by the decline in the population, as a growing number of Venezuelans seek economic opportunities in neighbouring countries.
Among South American countries, Venezuela ranks last for fixed and mobile broadband penetration, placing the country among the lowest in the region in this Telecom Maturity Index.
Table of Contents
Companies Mentioned
- Movilnet
- Movistar
- Digitel
- MovilMax
- Tesacom
- CANTV
- Inter
- NetUno
- SuperCable
- Alodiga
- Multiphone
- Totalcom
- Convergía