 Caribbean - Telecoms Market - Overview and Statistics
Executive summary
Liberalisation of the telecommunications industry has taken place in most Caribbean countries, with operators in these countries now being able to offer a full range of telecom services. Despite being relatively small markets by global standards, telecommunications has become one of the Caribbean's major growth industries.
While in a handful of countries Cable & Wireless (now rebranded LIME) still holds a monopoly in the fixed-line sector, many countries now have other operators offering fixed-line services at competitive prices. Nevertheless, mobile has been the preferred technology for the region. The region's mobile subscriber base has been witnessing significant growth in recent years driven, in particular, by aggressive competition from Digicel.
Market highlights:
During the global financial crisis the region, which relies heavily on tourism, suffered double digit declines in incoming tourist numbers due to the global economic downturn, effectively triggering a recessionary environment in most Caribbean nations. In spite of improvements in tourism revenues during 2010, the Caribbean region still experienced negative growth in 2010 of an estimated 2.3%.
During 2010, a number of Caribbean countries turned to the IMF and the World Bank for rescue financing or for alternative fiscal and monetary policy arrangements. A number of countries also implemented changes at the local level in an attempt to ease their economic burdens, including taking such measures as raising taxes and cutting spending.
By early 2011 there were some positive signs of increasing tourist numbers and offshore company activity that was expected to precipitate further economic recovery. Furthermore, a United Nations report launched in January 2011 predicted a modest 3.1% growth rate for the Caribbean in 2011 and assessed the economic outlook for the Latin American and Caribbean region to be robust by historical standards. Relative to Latin America as a whole, however, the Caribbean is likely to experience a slower economic recovery due to its being highly dependent upon output growth in the USA.
Despite numerous attempts to privatise the Bahamas Telecommunications Compnay (BTC) since the late 1990s, by end 2010 the company still remained wholly state-owned. However, in February 2011 C&W confirmed it had signed agreements with the government of Bahamas to buy a 51% interest in BTC.
In December 2010 Telecom Services of Trinidad and Tobago (TSTT) announced the launch of their commercial WiMAX network, reportedly the largest in the Caribbean. Whilst at launch date the network covered only selected parts of Trinidad and Tobago, TSTT is planning to extend the network during 2011 to connect all of the islands that make up the Trinidad & Tobago archipelago.
By early 2011 mobile penetration in the Caribbean region was over 62%. It is worth noting, however, that penetration rates range from single figures to over 300%.Internet users and penetration rate in Caribbean countries - 2010
CountryUsersPenetration
Anguilla4,50031%
Antigua and Barbuda65,00075%
Aruba 24,00023%
Bahamas115,80037%
This report provides an overview of the Caribbean's telecom sector accompanied by relevant statistics and a brief profile of the major players.
Last Update: 21 Mar 2011 Number of Pages: 15
Single User: USD $75.00 ex-GST View Table of Contents
Caribbean Countries - Anguilla to Bermuda
Synopsis
This report provides an overview of the telecom markets in Anguilla, Antigua & Barbuda, Aruba, Bahamas, Barbados and Bermuda. It includes information about fixed-line and mobile operators, Internet providers, regulatory background and state of liberalisation.
Last Update: 21 Mar 2011 Number of Pages: 11
Single User: USD $100.00 ex-GST View Table of Contents
Caribbean Countries - British Virgin Islands to Montserrat
Synopsis
This report provides an overview of the telecom markets in British Virgin Islands, Cayman Islands, Dominica, Grenada, Guadeloupe, Martinique and Montserrat. It includes information about fixed-line and mobile operators, Internet providers, regulatory background and state of liberalisation.
Last Update: 16 Feb 2010 Number of Pages: 10
Single User: USD $100.00 ex-GST View Table of Contents
Caribbean Countries - Netherlands Antilles to US Virgin Islands
Synopsis
This report provides an overview of the telecom markets in Netherlands Antilles, St Kitts & Nevis, St Lucia, St Vincent & the Grenadines, Trinidad & Tobago, Turks & Caicos, and the US Virgin Islands. It includes information about fixed-line and mobile operators, Internet providers, regulatory background and the status of liberalisation.
Last Update: 21 Mar 2011 Number of Pages: 11
Single User: USD $105.00 ex-GST View Table of Contents
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