Telco services in Colombia to hit $8.6bn revenues in 2018
August 14, 2015
The telecommunication services in Colombia recorded $7.99 billion (€7.15bn) in revenues during 2014, according to information published by Dataxis in the new report “Telecom Series 2015: Colombia”. This figure will grow 8.1 per cent towards 2018, when it will add up to USD8.64 billion. The data includes the combined revenues of mobile, fixed telephony and broadband markets in the Andean country.
By the end of 2014, the mobile market represented 74 per cent of the total telecom revenues recorded in Colombia, a figure that Dataxis estimates to grow to 78.4 per cent in 2018. Colombia had 51.3 million active SIM cards by Q4 2014. The company estimates that the market will grow to 55.6 million in 2018. By then, 4G will have 83 per cent of the market.
On the other hand, the fixed broadband sector represented close to 11 per cent of the total revenues in 2014; Dataxis forecasts that this figure will grow to 13.7 per cent. The number of broadband accesses by Q4 2014 was 4.9 million. According to Dataxis, it will grow 35.5 per cent to 6.6 million accesses by 2018.
Colombia recorded a total of 7.1 million fixed telephony lines by Q4 2014. The market suffered a 9.1 per cent loss since 2007, when it recorded 7.8 million lines. By 2018, it is expected to fall 10.7 per cent to 6.3 million lines.