Brazil's economy began to recover in 2017, after a deep recession in 2014-16. The national accounts show that the information and communications subsector was slow to enter the recession and has also been slow to recover. Amid recession and a weaker currency, annual mobile-telephone revenue is estimated to have fallen from US$31.1bn in 2013 to US$26.4bn in 2017.
Reflecting the development of technology, a rise in revenue from mobile data services and with economic recovery expected to gain traction in the medium term, we forecast a strong growth in mobile revenue over the course of 2018-22, at an annual average of 5.4% in local-currency terms. Mobile subscriptions will grow at an annual average rate of 0.5% in 2018-22. Fixed line connections will continue to fall, at an annual average rate of 1.7%. Internet user penetration is forecast to grow at an average rate of 3.6% during the 2018-22 forecast period.
Industry List: Fixed, Telecommunications, Internet, Telecommunications, Mobile, Telecommunications, Telecommunications
Industry Codes (NAIC): 517
Industry Codes (SIC): 48