In 2016, Panama was the third-largest telecom services market in Central America, behind Guatemala and Costa Rica, with estimated revenue of US$1.3 billion or 2.4 percent of GDP.

Despite Panama’s strong economic outlook and high PPP-adjusted GDP per capita, the country’s broadband penetration of population is below the Latin America average of 12 percent and also significantly below when compared to Argentina and Chile. Reaching 10 percent of broadband penetration of population in 2016, Panama is below its neighbouring Costa Rica, but above other Central America countries such as Nicaragua and Guatemala.

In order to foster broadband adoption and increase its penetration of population, the Authority for Government Innovation (AIG) of Panama will build the next generation of a national broadband network, named Internet 2.0.

In October 2016, AIG awarded contracts to Cable & Wireless Panama, Cable Onda and Liberty Technologies, that together received a total of $21.6 million to increase the number of access points by 60 percent to 1,320 Wi-Fi hotspots at minimum speeds of 2Mbps over the next four years.

We expect broadband lines will continue to grow in Panama with broadband penetration of population increasing to 14 percent by year-end 2021.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Backed by the government’s national broadband plans and attractive double-and triple-play services offered by operators such as CWP and Cable Onda, the fixed broadband segment will be one of the key drivers for the telecom and pay-TV services market growth through 2021.