MARKET OPPORTUNITY
An estimated 244 million people in Latin America do not have access to the internet
TOWER MARKET
50,000 new wireless towers need to be built in Mexico to give at least 4G LTE coverage to 92% of Mexico’s population
Deployment of 5G networks represents a significant opportunity as it is projected that the digitalization of industries could develop into a market of more than USD $21 billion annually
According to the OECD study, countries in Latin America could generate 15 million jobs and boost their GDP by 7.7 percent if they promote digital connectivity
The 5G market in Latin America is projected to generate over USD $28.4 billion annually by 2030.
Source: https://www.ericsson.com/en/reports-and-papers/mobility-report/closer-look/latin-america -2021
MEXICO OPPORTUNITY
The Telecommunication industry in Latin America is worth USD $81 billion, with Mexico being the second largest market
Mexico has 93 mobile cellular subscriptions per 100 habitants compared to just 18 fixed phone subscriptions per 100 habitants
Mexico is an OECD nation with an investment-grade sovereign credit rating, controlled public debt, stable inflation and currency offering an attractive market for investment
Mexico ranks 15th globally in nominal GDP terms. On a GDP per capita basis, Mexico ranks 90th globally and 11th across the LatAm region.
Source: https://www.statista.com/topics/7290/telecommunications-in-latin-america/#topicOverview
GLOBAL 5G FIBER MARKET
The global fiber optics market size was valued at USD $8.75 billion in 2022
The market is expected to expand with a CAGR of 6.9% from 2023 to 2030
Latin America’s fiber optic network is two years behind compared to further developed countries
Source: https://www.grandviewresearch.com/industry-analysis/fiber-optics-market
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