Conatel reports market data

19 Mar 2008

BNamericas, citing a report from the regulator Conatel, reports that the number of wireless subscribers in Venezuela at the end of 2007 stood at 23.8 million, up from 18.8 million twelve months previously. Mobile penetration correspondingly jumped from 68.9% to 86.8%. CANTV unit Movilnet remained the largest operator by subscribers, with a 39.9% market share at the end of the fourth quarter, down from 40.7% quarter-on-quarter. In second place was Telefonica-owned Movistar with 39.6%, down from 40.5%, while the third largest cellco, Digitel, boosted its share of the market to 20.5% from 18.8%. In the fixed telephony segment the country ended 2007 with 5.1million subscribers – giving a penetration rate of 18.5% – compared with 4.2 million twelve months before. Broadband connections meanwhile totalled 858,000 at the end of 2007 compared with 759,856 at end-2006.

Venezuela, CANTV, Digitel, Movilnet, Movistar Venezuela