Peru. The Supervisory Body for Private Investment in Telecommunications, Osiptel, projected that the revenues of the Peruvian telecommunications sector will remain at levels above S/ 20,000 million (about US$5.4 billion) in 2022 and 2023 in view of the expansion of connectivity of telecommunications services to levels prior to the COVID-19 pandemic.
According to the projections prepared by the Directorate of Regulatory Policies and Competition (DPRC) of the regulatory entity, the estimated dynamism will be explained by the next advances foreseen for the mobile market, the sale of equipment and the growth of fixed internet connections, both in the short and long term, given the greater demand for connectivity, driven, in turn, by the expectation in the adoption of 5G technology in the country.
The same positive outlook is expected for investments in telecommunications. The investment commitments for the deployment of regional broadband networks in Ancash, Arequipa, Huánuco, La Libertad, Pasco and San Martín, included in the forecasts, would explain, in part, the USD 1054 million projected for the end of 2021, which would mean an increase of 28.8% over the previous year. Also, by 2022, investments in the sector are expected to be driven by the bidding of the AWS-3 and 2.3 GHz spectrum bands.
More lines and connections
Osiptel's projections also estimate that, by the end of 2022, there will be 43.9 million active mobile lines and that this sum will rise to 44.9 million by 2023.
According to the regulator's calculations, this increase is explained by the changes in content consumption, work and study habits that have adopted connectivity as part of the new normal after the COVID-19 pandemic, as well as the boost that the advance of 5G could print in the country.
The technological incorporation will also be reflected in the estimated expansion of connectivity to the fixed internet access service, which would grow to 3.4 million connections this year and exceed 3.7 million connections next year after a growth rate of 9.7%.
