Friday, May 8, 2009

15 Million Cell Phone Users in Guatemala

Reports from the Superintendency of Telecommunications (SIT) show that the number of cell phone users in Guatemala rose by 3 million during 2008.

As of December 31, 2008 the total was 14,948,640 users, representing an annualized growth rate of 25.6 percent during 2008.

2007 was the year that saw the greatest percentage growth rate, 65 percent. The rate is slowing because of market saturation.

The long term growth rate, from 1997 to 2008 was 2,000 percent. This growth rate and user count makes Guatemala the number one cellular telephone market in the region.

Breakdown by Provider as of December 31

Claro: 5,906,000 users, 39 percent

Tigo: 3,871,000 users, 34 percent

Movistar: 3,871,000 users 25.9 percent

The majority of users pay by purchasing cards rather than plans.

The global economic crisis and the drop in remittances from abroad is expected to reduce the growth in gross income in the cellular sector from 27 percent (annualized) to 5.4 percent during 2009 as users are expected to buy fewer minutes.

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