Mundo looking to challenge Movistar for fibre leadership within 18 months

10 Sep 2021

Chilean ISP Pacifico Cable, which operates under the Mundo brand, expects to be vying for leadership of the country’s fibre broadband access market with Movistar within the next 18 months, following a period of rapid growth, BNamericas writes, citing CEO Enrique Coulembier. According to the most recent data from the industry watchdog, Mundo was second-placed in terms of fibre-based connections with 421,680 subscribers at the end of March 2021, compared to Movistar’s 852,884 and a market total of 1.759 million FTTx-based subscriptions at that date. Including subscriptions via other technologies the operator counted a total of 451,635 users at the end of Q1 2021, up from 263,426 a year earlier and 187,040 in Q1 2019, but equivalent to a market share of just 11.5% and putting in fourth place overall – behind VTR, Movistar and Claro.

Explaining the company’s recent gains, the official highlighted Mundo’s network expansion drive, noting that it has extended its fibre network to pass 2.6 million homes and is aiming to increase that figure to 3.0 million by the end of the year and 4.0 million home by the end of 2022. Alongside the expansion of its access network, Mundo’s backbone infrastructure now spans 6,000km and is expected to reach 7,000km by the end of the year according to the official. The CEO went on to note that it recently upgraded the capacity of a 500km stretch of its backbone connecting Concepcion and Santiago to 800Gbps.