Colombia Telecom Market- Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The Colombian telecom market is expected to grow at a CAGR of 0.8% over the next five years. Key telecom companies, such as Claro Colombia, Movistar Colombia, Virgin Mobile Colombia, Telefonica Colombia, and Tigo Colombia, are based in Colombia and promote innovation by making significant R&D investments consistently.
Key HighlightsThe Colombian telecom market is moderately fragmented due to ongoing partnerships and recent advancements in the market. Some major players in the market studied include Claro Colombia, Movistar Colombia, Virgin Mobile Colombia, Telefonica Colombia, and Tigo Colombia.
In January 2022, Avantel announced its plans to switch off its IDEN (Integrated Digital Enhanced Network) network.
In July 2022, Tigo Colombia entered into a new network access agreement with Empresa de Telecomunicaciones de Bogota (ETB). The deal will be able to offer Tigo-branded fixed broadband, fixed voice, and pay-TV services to residential and small business customers using ETB’s fiber-to-the-home (FTTH) network, which covers 1.5 million homes in Bogota.
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