With revenue of $7.2bn in 2016, the Colombian telecom and pay-TV markets were the fifth-largest in Latin America, and are one of the fastest growing in the region, just behind Mexico, Uruguay and Bolivia.

The Colombian government has developed a highly effective regulatory framework — arguably one of the most effective in the region — for the telecom market.

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Research from GlobalData estimates that Colombia closed 2016 with about 14 percent of all mobile connections on 4G/LTE networks.

On the fixed broadband front, Colombia reached a population penetration of 12.3 percent in 2016.

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