Development Trends in Caribbean Telecom Sector Presented in New Report: MarketResearchReports.Biz
MarketResearchReports.Biz presents this most up-to-date research on “Caribbean - Telecoms, Mobile, Broadband and Digital Media - Statistics and Analyses”.
Albany, NY -- (SBWire) -- 06/16/2016 --MarketReseachReports.biz has featured a new report in its vast repository of research reports. The report, titled "Caribbean - Telecoms, Mobile, Broadband And Digital Media - Statistics And Analyses," delivers key insights about the progression of the Caribbean telecom market from a scientific and analytical perspective. The report delves into the major business moves related to mergers and acquisitions and joint ventures that brought a radical change in mobile telephony and data services in the Caribbean over the recent past.
According to the report, the telecom markets in most Caribbean countries have witnessed a sea change in terms of structure and operations. The presence of a large number of small and local operators licensed to deliver services within individual markets is a major structural change that the overall telecom market in the Caribbean has witnessed.
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However, the operations of these local providers are overseen by two large regional operators: Digicel and Liberty Global. The existence of Liberty Global is linked to its parent company, Cable & Wireless. In early 2015, Cable & Wireless Communications acquired Columbus Communications and in November 2015 it was itself acquired by Liberty Global. Following this merger, the LIME brand of Cable & Wireless Communications was discontinued in May 2016 in favor of the Flow brand, the one used by Columbus Communications for its fixed-line services.
Following these market changes, Digicel and Liberty Global now compete for bundled services and are focused on investment in this segment in recent years. Not only this, Digicel and Liberty Global have diversified their business portfolios entering into the pay TV space. Digicel's pay TV Digicel Play operates in four markets thus far, whereas the scale of Liberty Global's operations is for more than four markets in the Caribbean. Liberty Global's operations are also preferred as it provides operators with a strong card for pay TV and VoD (video on demand) content offerings.
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The financial slump of 2008 had a negative impact on the development of the telecom market in the Caribbean. This resulted in reduced revenues for operators, curtailed government programs, and a weak tourist sector. Nevertheless, economic recovery in the U.S. and some European countries has bolstered the growth of the Caribbean telecom market, which heavily depends on tourism.
The report presents reasons for the growth of the telecom market in the Caribbean. The progressive liberalization of the telecom sector, which has helped telecom operators to provide value-added services has been instrumental in the market's growth. In particular, mobile telephony and data services, which include broadband and mobile data, have been significantly important for the telecom sector's growth in the region.
In this report, analysts have presented a detailed analysis of telecom services pertaining to cellular networks, smart grids, and fixed-line networks in each of the Caribbean countries. This helps to gauge the development scope of telecom services in this region.
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