Central America Telecommunications Report Q1 2015 - New Market Report

Rise of number porting services and high penetration rates across Central America show that the local population is embracing the competition and keen to switch for a better deal. BMI believes that due to the strong competition it will be more difficult for new entrants, such as Xinewei , to penetrate the market as they would have to undercut the local providers. Mobile forecasts show much slower growth across the board, with only Nicaragua offering any real growth potential. Thus companies are investing heavily into 3G and 4G networks to boost mobile data use. The future for telecoms operators lies in the expansion of content and encouraging consumers to use their mobile connections for a growing range of lifestyle needs. Regional market leader Tigo has been most active in launching its range of mobile financial services (MFS), which are seeing rapid take up.

Key Data

Number porting in Panama has increased 37.4% in 2014, this shows that the population in Panama are increasingly more willing to take advantage of better available deals as they switch operators.

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We upgraded our 3G/4G forecasts for Costa Rica after Claro and Movistar launched new services. We expect 3G and 4G connections to account for nearly 62% of connections by the end of our forecast period.

Mobile growth outlook for Nicaragua for 2014 was dampened as it appears Xinwei, who won spectrum in the 1,785-1,805MHz band in 2012, will not be launching this year. As the company has announced that network trials were due to begin in October, BMI believes it more likely that Xinwei will launch operations in 2015.

Key Trends And Developments

Discussions over the introduction of number portability (NP) in El Salvador are ongoing. Market leader Tigo has urged the regulator to introduce the service, even though it has the most to lose. SIGET, the country's telecoms regulator, also plans to monitor quality of service and has called for amendments to the Telecommunications Act to...

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