Companies / Venezuela
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Going For Growth In The Fixed-Line And Internet Sectors
August 2006 | Market Trend AnalysisSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Venezuelan telecoms regulator Conatel has announced plans to invest US$100mn into boosting the country's fixed-line and internet sectors, encouraged by strong performances in the mobile market, which reported annual growth of 48.8% over 2005 to attain penetration rates of 47%. By way of comparison, Venezuela's fixed-line market reported a 9% rise in 2005 to attain a penetration rate of 14%, one of the lowest rates in the region. Meanwhile, its internet sector, while also retaining a lowly teledensity rate, has seen impressive growth of 50% in 2005.