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Cambridge, Massachusetts - April 14, 2010 - Competition will fuel Venezuela’s telecom industry through 2014, as overall growth slows due to policy objectives to bring telecom services to everyone at affordable prices, according to a new report from Pyramid Research (www.pyr.com).
Venezuela: Telecom for the Masses to Bring Mixed Results for Network Operators offers a precise profile of the country's telecommunications, media, and technology sectors based on proprietary data from our research in the market. It provides detailed competitive analysis of both the fixed and mobile sectors, tracks the market shares of technologies and services, and monitors the introduction and spread of new technologies. Download an excerpt of this report here.
Pyramid Research expects the telecom market to grow at a CAGR of only 2.9 percent over the next five years, from $10.3 billion in 2009 to $11.9 billion in 2014. This slow growth will be directly influenced by the government’s social policies that are pushing down on voice revenue. These policies cut fixed and mobile voice rates in order to increase service penetration by making it more affordable to the lower-end costumer, notes Omar Salvador, Senior Analyst at Pyramid Research and author of the report. "Modest economic growth in the country in the near future will also play a part in new service adoption levels and telecom spend," he says.
"Ruled by policy guidelines in the National Plan for Telecommunications, Information, and Postal Services for 2007 to 2013, the industry’s main strategic objectives are to bring telecom services to everyone at affordable prices while developing a local telecom and IT industry," illustrates Salvador. "The nationalization of incumbent Cantv created new competitive challenges, since government ownership is reinforcing the operator’s leadership position in both fixed and mobile markets."
These changes have put a downward pressure on overall revenue. As a result, competition is fueling revenue growth in Venezuela, as well as fixed broadband, mobile data, and pay-TV as the fastest growing revenue segments. "Contenders, such as Telefónica and Digitel, are focusing on market segmentation, product differentiation, operational efficiency, cost savings, and innovation to protect margins," Salvador says.
Venezuela: Telecom for the Masses to Bring Mixed Results for Network Operators is part of Pyramid Research's Latin America Country Intelligence Report Series. Download an excerpt here. This report is priced at $990 and can be purchased online here or by emailing us at info@pyr.com.
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About Pyramid Research
Pyramid Research (www.pyr.com) offers practical solutions to the complex demands our clients face in the telecommunications, media and technology industries. Our analysis is uniquely positioned at the intersection of emerging markets, emerging technologies and emerging business models, powered by the bottom-up methodology of our market forecasts for over 100 countries - a distinction that has remained unmatched for more than 25 years. As the telecom research arm of the Light Reading Communications Network, Pyramid Research works with Heavy Reading, providing the communications industry's most comprehensive market data, trusted research and insightful technology analysis.
About Light Reading
Founded in 2000, Light Reading (www.lightreading.com) is the leading online media, research, and focused event company serving the $3 trillion worldwide communications market. Lightreading.com is the ultimate source for technological and financial analysis of the communications industry, leading the media sector in terms of traffic, content, and reputation. Light Reading’s research arms, Heavy Reading and Pyramid Research, provide the most comprehensive communications research, market data, and technology analysis in close to 100 markets around the world. Light Reading produces nearly 20 targeted communications events including TelcoTV, and TelcoTV Asia, Ethernet Expo New York and Ethernet Europe, and The Tower Summit @ CTIA, as well as focused one-day events tailored for cable, mobile, and wireline executives in the US, Europe, India, and China. Light Reading was acquired by United Business Media in August 2005 and operates as a unit of TechWeb.
About UBM TechWeb
UBM TechWeb (http://www.techweb.com), the global leader in technology media and professional information, enables people and organizations to harness the transformative power of technology. Through its core businesses - media solutions, marketing services and professional information - UBM TechWeb produces the most respected and consumed brands, applications and services in the technology market. More than 14.5 million business and technology professionals (CIOs, IT and IT Support managers, Web & Digital professionals, Software and Game developers, Government decision makers, and Telecom providers) actively participate in UBM TechWeb’s communities. UBM TechWeb brands includes: global face-to-face events such as Interop, Game Developers Conference (GDC), Web 2.0, Black Hat and VoiceCon; large-scale online networks such as InformationWeek, Light Reading and Gamasutra; research, training and certification services, including HDI, Pyramid Research and InformationWeek Analytics; and market-leading magazines such as InformationWeek and Wall Street & Technology. UBM TechWeb is part of UBM, a global provider of media and information services for professional B2B communities and markets.
Press contact:
Jennifer Baker
+1 617 871-1910
jbaker@pyr.com
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