IFC on the Colombian telecom industry
A positive growth pattern is creating an inviting environment for towercos
TowerXchange: Guillermo, what is your take on the Colombian telecom sector?
Guillermo Mulville, Principle Investment Officer, IFC:
At IFC, we are bullish on the Colombian telecoms market. Mobile telephony currently represents 70% of the total telecommunications industry revenue, initially driven by growth in subscriptions, which now amount to over 53mn.
While mobile subscriptions may be reaching saturation levels, the sector still maintains a healthy growth rate as a result of operators offering additional services. Voice is becoming ubiquitous, but the exponential increase in data demand is driving industrial growth, with several players (Movistar, the combined Tigo and Une-EPM, Claro and DirecTV) having already made 4G technology available to their customers.