{"id":28441,"date":"2020-04-07T13:51:37","date_gmt":"2020-04-07T18:51:37","guid":{"rendered":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=28441"},"modified":"2020-04-07T13:51:37","modified_gmt":"2020-04-07T18:51:37","slug":"panama-gain-connectivity-via-curie-submarine-cable","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/panama-gain-connectivity-via-curie-submarine-cable\/","title":{"rendered":"Panama to gain more connectivity via the Curie submarine cable"},"content":{"rendered":"

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Just released, this edition of Paul Budde Communication\u2019s\u00a0focus report on\u00a0Panama outlines the major developments and key aspects in the telecoms markets.
\nRead the full report:\u00a0https:\/\/www.budde.com.au\/Research\/Panama-Telecoms-Mobile-and-Broadband-Statistics-and-Analyses<\/a><\/p>\n

Panama has seen a steady increase in revenue from the telecom sector in recent years, including a 2% increase in 2019, year-on-year. Mobile services and broadband remain the key sectors, a trend likely to continue during the next few years in response to operator investments in network upgrades.<\/p>\n

Panama\u2019s economic prospects remain promising, with GDP growth during the next few years expected to be above 5%. This growth has encouraged continued investment in the sector, which in 2019 accounted for more than 26% of revenue. Following a period of acquisition activity, the market is dominated a few key players, including Liberty Global\u2019s local unit Cable & Wireless Panam\u00e1 which provides effective competition to the other regional players Digicel and Claro. Other significant changes to the market include Millicom International having acquired the main cable TV provider Cable Onda for $1 billion at the end of 2018, and its acquisition in February 2019 of Telef\u00f3nica\u2019s businesses in Panama, Costa Rica and Nicaragua for $1.7 billion.<\/p>\n

The mobile sector has flourished in recent years, with the arrival of Digicel Panam\u00e1 in 2008 and of Am\u00e9rica M\u00f3vil in 2009 ending the duopoly long enjoyed by Cable & Wireless Panam\u00e1 and Telef\u00f3nica\u2019s Movistar. Legislation adopted in early 2018 allowed for market consolidation and the reduction of the market to three players, aimed at making more efficient use of available spectrum. Although the number of players remains the same, Tigo Panama has expanded into the fixed and mobile segment by acquiring Movistar.<\/p>\n

Internet penetration has grown in recent years and is expected to do so steadily in coming years, partly through consumers responding to government fixed-line projects but principally through the popularity of mobile broadband connectivity.<\/p>\n

Key developments<\/b><\/p>\n