Colombia: The Telecoms and Pay-TV Services Markets Continue to Show Resiliency Despite Economic Headwinds Research Report By Hexa Reports

Among major currencies in the region, the Colombian peso, together with the Brazilian real, sharply depreciated during 2015. Largely as a result of the depreciation, Pyramid Research expects the Colombian telecom services market to decrease by over 21% in 2015 in US dollar terms, one of the highest revenue contractions in Latin America. Colombia will remain home to the fifth largest telecom services sector in Latin America, behind the region's giants, Brazil and Mexico, and less populous but higher income Argentina and Venezuela. Over the next five years, we anticipate Colombia's total market revenue will expand at a CAGR of 2.9% to reach US$9.1bn in 2020, generating a cumulative US$49.5bn between 2015 and 2020. In local currency terms, we expect the market to grow at a CAGR of 6.6% over the next five years.

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