The telecom services market size in Panama was valued at $1.1 billion in 2022. The market is expected to grow at a CAGR of 2.7% during the forecast period, 2022-2027. Ongoing investments in 4G network expansions by major operators driving adoption of 4G plans and the continued expansion of fiber-optic networks by the government and telcos will be key drivers supporting the Panama telecom market growth.
The Panama telecom services market report provides an executive-level overview of the telecommunications market in Panama today, with detailed forecasts of key indicators up to 2027. Published annually, the report provides a detailed analysis of the near-term opportunities, competitive dynamics, and evolution of demand by service type and technology/platform across the fixed telephony, broadband, and mobile markets, as well as a review of key regulatory trends.
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The transfer to digital signals is happening in four phases, with the second phase including Veraguas, Herrera, Cocle, and Los Santos. The third phase covers Chiriquí and Bocas del Toro, while the fourth phase includes the province of Darien.
Panama Telecom Services Market Analysis by Service
- Mobile services
- Fixed services