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Telecommunications Report Peru

  • ID: 4456398
  • Report
  • January 2020
  • Region: Peru
  • 10 Pages
  • The Economist Intelligence Unit
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Peru's GDP growth will average 3.9% annually in The Economist Intelligence Unit's 2020-24 forecast period. The telecommunications sector will remain dynamic during the forecast period, with growth boosted by catch-up potential. Demand for telecoms will continue to be driven by a growing middle class and a gradual increase in disposable incomes. There is also significant space for growth in under-serviced regions.

Supported by an attractive investment framework, the technology and telecoms sector will continue to receive significant foreign investment in 2020-24. Total telecoms investment will rise to just less than S5.5bn (US$1.7bn) by the end of the forecast period, driving the expansion of technology and telecoms in secondary cities. The communications sector accounts for the third-largest stock of Peru's foreign investments, after mining and financial services.

Total spending in the IT market in Peru reached an estimated S17.3bn in 2019 and is expected to rise to S22.6bn by 2023. Mobile subscriptions will grow at an average annual rate of 2.5% in 2020-24, whereas fixed lines will fall at an average rate of 3%. Internet user penetration will grow at a rate of 6.5% in 2020-24.

Industry List: Connected devices, Telecommunications, Fixed, Telecommunications, Internet, Telecommunications, Mobile, Telecommunications, Telecommunications
Industry Codes (NAIC): 517
Industry Codes (SIC): 48
Note: Product cover images may vary from those shown
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Telecommunications Report Peru

Telecommunications report: Overview

Telecommunications report: Mobile

Telecommunications report: Fixed

Telecommunications report: Internet

Telecommunications report: Connected devices
Note: Product cover images may vary from those shown
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