The Chilean telecom market (henceforth referred to as the market studied) is expected to register a CAGR of 1.82% over the next five years. Key telecom companies, such as Movistar Chile, Entel Chile, VTR Chile, Claro Chile, and WOM SA, are based in Chile and promote innovation by making significant R&D investments consistently.
The Chilean telecom market is moderately fragmented due to ongoing partnerships and recent advancements in the market. Some major players in the market studied include Movistar Chile, Entel Chile, VTR Chile, Claro Chile, and WOM SA.
In March 2022, WOM commercially launched its 5G network. 5G coverage was made available over 99 communes across several regions, including Valparaiso, Biobio, and the Santiago Metropolitan Region.
In July 2022, Phoenix Tower International made plans to acquire up to 3,800 sites from WOM Chile by the end of 2024. The deal is valued at USD 930 million.
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