Global Information, Inc. would like to present a new market research report, "Venezuela: Telecom for the Masses to Bring Mixed Results for Network Operators" by Pyramid Research, Inc..
The Venezuelan telecom markets period of rapid growth in recent years is about to come to an end. Pyramid Research forecasts the compound annual growth rate of the telecom market (including pay-TV) to merely reach 2.9% over the next five-year period. Revenues generated by the telecom market in Venezuela will only reach $11.9 billion in 2014, which is a minimal gain based on the $10.3 billion posted by the market in 2009. On a brighter note, however, overall slowing of growth due to government policy objectives will expand access of telecom services to everyone at affordable prices. According to Omar Salvador, Senior Analyst at Pyramid Research and author of this report, the Venezuelan telecom markets "slow growth will be directly influenced by the governments social policies that are pushing down on voice revenue. These policies cut fixed and mobile voice rates in order to increase service penetration by making it more affordable to the lower-end customer. Modest economic growth will also play a part in new service adoption levels and telecom spend."
