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Caribbean Telecommunications Report Q1 2016

  • January 2016
  • -
  • Business Monitor International
  • -
  • 214 pages

BMI View: Digicel's eventual initial public offering (IPO) plans bode well for the future of the Caribbean regional telecommunications market as additional funds raised in the initial stock offering will allow investment into next-generational networks and help expand the market further. While IPO plans are presently on hold at the eleventh hour, it also demonstrates the saturated nature of the telecoms industry in the Caribbean, with revenue and subscriber growth flattening. A key downside risk is the company's exposure to weak consumer spending trends in its core markets, an issue that could undermine investor confidence further down the line. Haiti and Cuba represent the largest organic growth opportunities in the region, as both are significantly underdeveloped compared to their peers. However, the risks associated with business in these two markets mean that a mobile subscription boom is far from likely.

Key Data:

-Cayman Islands has the highest mobile penetration at over 160%, while Cuba's penetration rate will remain below 28%.

-The number of mobile lines in Cuba reached the 3mn mark in April, up from 2.4mn lines at the start of 2015, according to data published by state-owned telecoms operator Empresa de Telecomunicaciones de Cuba (ETECSA). The increase was mainly owing to a promotion, called Si activas ganas 30, wherein new users obtained USD30 in credit for activating a line for the same amount. ETECSA revealed that 300,000 new mobile subscribers signed up in just five days due to the promotion. Digicel Jamaica currently has 1mn smartphone users on its mobile network, which accounts for more than 45% of the operator's overall subscriber base in Jamaica.

-Haiti and Cuba will both be excellent growth markets over the course of our forecast period.

Table Of Contents

Caribbean Telecommunications Report Q1 2016
BMI Industry View 9
SWOT 11
Industry Forecast 13
Bahamas 13
Table: Telecoms Sector - Historical Data and Forecasts (Bahamas 2012-2019) 13
Barbados 16
Table: Telecoms Sector - Historical Data and Forecasts (Barbados 2012-2019) 16
Bermuda 18
Table: Telecoms Sector - Historical Data and Forecasts (Bermuda 2012-2019) 18
Cayman Islands 20
Table: Telecoms Sector - Historical Data and Forecasts (Cayman Islands 2012-2019) 20
Cuba 23
Table: Telecoms Sector - Historical Data and Forecasts (Cuba 2012-2019) 23
Dominican Republic 26
Table: Telecoms Sector - Historical Data and Forecasts (Dominican Republic 2012-2019) 26
Haiti 29
Table: Telecoms Sector - Historical Data and Forecasts (Haiti 2012-2019) 29
Jamaica 31
Table: Telecoms Sector - Historical Data and Forecasts (Jamaica 2012-2019) 31
Puerto Rico 34
Table: Telecoms Sector - Historical Data and Forecasts (Puerto Rico 2012-2019) 34
Trinidad and Tobago 37
Table: Telecoms Sector - Historical Data and Forecasts (Trinidad and Tobago 2012-2019) 37
Telecoms Risk/Reward Index 39
Industry Risk Reward Index 39
Table: Latin Americas Telecoms Risk/Rewards Index - Q1 2016 41
Market Overview 42
Bahamas 42
Key Developments 42
Mobile Growth 42
Cable Bahamas New Favourite For Second Licence 46
Table: Bahamas Mobile Market, March 2015 48
Fixed Line 48
Broadband 51
Barbados 54
Key Developments 54
Mobile Growth 54
Networks 56
Table: Barbados Mobile Market, December 2014 57
Fixed Line 57
Broadband 58
Table: Barbados Internet Licence Holders 61
Bermuda 62
Duopoly Will Maintain Market Momentum 67
Fixed Line 67
Broadband 69
Table: Previous Licence Assignments By Class 73
Cayman Islands 74
Fixed Line 77
Broadband 80
Cuba 82
Key Developments 82
Mobile Growth 83
Table: Cuba Mobile Market, March 2015 88
Fixed Line 88
Broadband 90
Dominican Republic 94
Key Developments 94
Mobile Growth 95
Fixed Line 99
Broadband 100
Haiti 104
Key Developments 104
Mobile Growth 104
Fixed Line 109
Broadband 110
Jamaica 112
Key Developments 112
Mobile 113
Fixed Line 120
Broadband 121
Puerto Rico 124
Key Developments 124
Mobile 124
Fixed Line 128
Broadband 129
Pay-TV 130
Trinidad and Tobago 133
Key Developments 133
Mobile Growth 134
Fixed Line 138
Broadband 140
Table: Trinidad and Tobago Fixed Internet Market 142
Regulatory Development 143
Regulatory Environment And Industry Developments 143
Table: Caribbean Telecoms Regulators 143
Competitive Landscape 155
Table: Key Players - Caribbean Telecoms Sector 155
Company Profile 157
Digicel 157
LIME (Cable and Wireless Communications) 163
Demographic Forecast 168
Table: Population Headline Indicators (Barbados 1990-2025) 169
Table: Key Population Ratios (Barbados 1990-2025) 169
Table: Urban/Rural Population and Life Expectancy (Barbados 1990-2025) 170
Table: Population By Age Group (Barbados 1990-2025) 170
Table: Population By Age Group % (Barbados 1990-2025) 171
Demographic Forecast 173
Table: Population Headline Indicators (Bahamas 1990-2025) 174
Table: Key Population Ratios (Bahamas 1990-2025) 174
Table: Urban/Rural Population and Life Expectancy (Bahamas 1990-2025) 175
Table: Population By Age Group (Bahamas 1990-2025) 175
Table: Population By Age Group % (Bahamas 1990-2025) 176
Demographic Forecast 178
Table: Population Headline Indicators (Cuba 1990-2025) 179
Table: Key Population Ratios (Cuba 1990-2025) 179
Table: Urban/Rural Population and Life Expectancy (Cuba 1990-2025) 180
Table: Population By Age Group (Cuba 1990-2025) 180
Table: Population By Age Group % (Cuba 1990-2025) 181
Demographic Forecast 183
Table: Population Headline Indicators (Dominican Republic 1990-2025) 184
Table: Key Population Ratios (Dominican Republic 1990-2025) 184
Table: Urban/Rural Population and Life Expectancy (Dominican Republic 1990-2025) 185
Table: Population By Age Group (Dominican Republic 1990-2025) 185
Table: Population By Age Group % (Dominican Republic 1990-2025) 186
Demographic Forecast 188
Table: Population Headline Indicators (Haiti 1990-2025) 189
Table: Key Population Ratios (Haiti 1990-2025) 189
Table: Urban/Rural Population and Life Expectancy (Haiti 1990-2025) 190
Table: Population By Age Group (Haiti 1990-2025) 190
Table: Population By Age Group % (Haiti 1990-2025) 191
Demographic Forecast 193
Table: Population Headline Indicators (Jamaica 1990-2025) 194
Table: Key Population Ratios (Jamaica 1990-2025) 194
Table: Urban/Rural Population and Life Expectancy (Jamaica 1990-2025) 195
Table: Population By Age Group (Jamaica 1990-2025) 195
Table: Population By Age Group % (Jamaica 1990-2025) 196
Demographic Forecast 198
Table: Population Headline Indicators (Puerto Rico 1990-2025) 199
Table: Key Population Ratios (Puerto Rico 1990-2025) 199
Table: Urban/Rural Population and Life Expectancy (Puerto Rico 1990-2025) 200
Table: Population By Age Group (Puerto Rico 1990-2025) 200
Table: Population By Age Group % (Puerto Rico 1990-2025) 201
Demographic Forecast 203
Table: Population Headline Indicators (Trinidad and Tobago 1990-2025) 204
Table: Key Population Ratios (Trinidad and Tobago 1990-2025) 204
Table: Urban/Rural Population and Life Expectancy (Trinidad and Tobago 1990-2025) 205
Table: Population By Age Group (Trinidad and Tobago 1990-2025) 205
Table: Population By Age Group % (Trinidad and Tobago 1990-2025) 206
Glossary 208
Table: Glossary Of Terms 208
Methodology 210
Industry Forecast Methodology 210
Sources 212
Risk/Reward Index Methodology 212
Table: Risk/Reward Index Indicators 213
Table: Weighting Of Indicators 214

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