Greater affordability, service improvements, increased data usage, a stable political environment and robust private consumption will be the main drivers behind growth in the telecommunications sector. In March 2015 the government announced investments worth US$24bn in infrastructure projects over five years, with a reportedly large allocation for telecoms. A key goal is to attain a widespread fibre-optic network and 4G coverage.
As the mobile market reaches saturation, the average annual growth of mobile subscriptions is forecast to slow to 1.3% in 2018-22, down from an average growth of 5.4% in 2013-17. Fixed lines will register a decline, falling at an average of 1.5% annually. Internet subscriptions will register average growth of 17.5% during the forecast period.
Industry List: Fixed, Telecommunications, Internet, Telecommunications, Mobile, Telecommunications, Telecommunications
Industry Codes (NAIC): 517
Industry Codes (SIC): 48