Over 50% of Latin Americans will own a mobile phone by 2007. Strong economic growth in the region (Latin America grew 5.8% in 2005) and falling ARPU are behind rising ownership levels.
June 1, 2006 (Press Release) --
Over 50% of Latin Americans will own a mobile phone by 2007. Strong economic growth in the region (Latin America grew 5.8% in 2005 - the highest rate since 1990) and falling ARPU (set to drop 10% by 2007) are behind rising ownership levels.
The trend towards cheaper calls is fuelling the $32 billion market mobile market in Latin America - a market expected to grow to $38 billion by 2007. The majority (59%) of revenue growth will come from Latin America’s two largest markets Brazil and Mexico (representing 31 million of the region's 49 million new subscribers by 2007).
The trend towards cheaper calls is fuelling the $32 billion market mobile market in Latin America - a market expected to grow to $38 billion by 2007. The majority (59%) of revenue growth will come from Latin America’s two largest markets Brazil and Mexico (representing 31 million of the region's 49 million new subscribers by 2007).
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