Business
Wireless communications growth projected to continue in the Caribbean
Encouraging tourism growth projections for this year also bode well for the telecoms industry, according to the report.
“Regional economic growth has been hampered by continuing pressure on tourist arrivals, principally from the USA and Europe. Nevertheless, some markets have reported a slow yet steady increase in arrivals since 2011. This will be crucial for telcos during 2012 and 2013, particularly in the mobile sector which is considerably supported by tourist spend,” stated the report.
It added that mobile penetration in the region approaches 70 percent, with tourists accounting for a considerable proportion of SIM cards sold and active SIM penetration is likely to be more 80-85 percent.
The report added that continuing regulatory developments have also focussed on the few remaining monopolies with a view to encouraging market competition, which will contribute to telecommunications continuing to be one of the Caribbean region’s major growth industries.
Source: Caribbean360.com
