Privatization and economic recovery is leading to the expansion of telecommunications Investments in Latin America, according to a recent report by Research and Markets entitled "Latin America Telecommunication Market Report, 2010-2011."
Latin America is a large potential market with a population and GNP over 580 million and USD2.3 trillion respectively. The telecommunications industry started reforming in the 1980s, with gradually realized privatization. With the enhanced degree of privatization and economic recovery in Latin America, major telecom operators in this region (most of them are multinational corporations) have expanded their investments since 2005.
The growth rate of mobile phones in Latin America exceeded 10% in 2010, however, the rates varied from country to country. As of 2010, the penetration rate of mobile phones in Brazil and Argentina was 104% and 140% respectively, whereas that of Cuba was merely 10%.
Due to historical reasons, countries in Latin America are mainly Spanish and Portuguese-speaking countries. Local telecom operators of Latin American countries are generally weak. America Mobil, Telefonica and Telecom Itlia, three major operators with Spanish and Portuguese backgrounds and strong capital strength occupy more than an 80% telecom market share in Latin America, wherein Telefonica is the largest operator in Latin America. Influenced by European markets, GSM is the most used system in South America; meanwhile, CDMA system dominates the markets in Mexican and Caribbean areas affected by the US market.
For more information go to: http://www.researchandmarkets.com/research/8cffe1/latin_america_telecommunication_market_report
