Key Market Indicators
Colombia's mobile subscriber base is projected to soar to approximately 112 million by 2028, up from around 86 million in 2023. This growth represents a compound annual growth rate (CAGR) of 4.2%. Since 1999, Colombia's demand for mobile subscriptions has steadily increased, averaging a yearly growth rate of 6%. In 2023, Colombia ranked 18th globally in terms of mobile subscriptions, with South Africa overtaking it at the same subscription count of 86 million. Globally, India, the United States, and Indonesia clinched the second, third, and fourth positions, respectively, in the mobile subscription rankings.
