Telecom Service Market Panama 4G Network Expansion and Government's Natio | Page 2

Panama Telecom Services Market 2021: 4G Network Expansion and
Government's National Broadband Plan to Drive Data Revenue Growth
Panama was the third largest telecom services market in Central America, behind Guatemala and Costa
Rica, with estimated revenue of $1.3bn or 2.4% of GDP. This represents a 2.4% increase relative to 2015,
mainly driven by fixed broadband, pay-TV and mobile data segments.
Companies Coverage: Cable And Wireless Panama, Cable Onda, Digicel, Claro Panama, Movistar Panama,
Sky Panama, Wipet & Liberty Technologies
Key Findings
The fixed/mobile revenue split will continue to be inclined toward the mobile segment throughout the
forecast period. Nevertheless, fixed services revenue share will increase, driven by government's national
Internet network initiative for expanding Internet penetration in the country and attractive double and
triple play services from operators such as Cable andWireless Panama (CWP) and Cable Onda.
The top two operators, CWP which provides fixed, mobile and pay-TV services and Digicel Panama, which
provide mobile services, accounted for 57.7% of overall service revenue in 2016. CWP will continue to lead
the Panamanian telecom market, throughout the forecast period, supported by strong investments in 4G
network expansion and network modernization of its fixed infrastructure.
LTE network expansion along with the rising demand for high-speed mobile data and increased availability
of LTE-enabled smartphones will boost LTE subscriptions in Panama over the forecast period.
Panama: 4G Network Expansion and Government's National Broadband Plan to Drive Data Revenue
Growth' a new Country Intelligence Report, provides an executive-level overview of the
telecommunications market in Panama today, with detailed forecasts of key indicators up to 2021.
Complete report available at http://www.marketreportsonline.com/567024.html