How big is the Panama Telecom Market?

The Panama Telecom Market size is expected to reach USD 1.16 billion in 2024 and grow at a CAGR of 1.96% to reach USD 1.28 billion by 2029. Read More

What is the current Panama Telecom Market size?

In 2024, the Panama Telecom Market size is expected to reach USD 1.16 billion. Read More

Who are the key players in Panama Telecom Market?

AT&T Inc., Planet Telecom Panama, Trans Ocean Network, Tigo Panama and Cable & Wireless Panamá SA are the major companies operating in the Panama Telecom Market. Read More

What years does this Panama Telecom Market cover, and what was the market size in 2023?

In 2023, the Panama Telecom Market size was estimated at USD 1.14 billion. The report covers the Panama Telecom Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Panama Telecom Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Panama Telecom Market Share

Statistics for the 2023 & 2024 Panama Telecom market share, created by Mordor Intelligence™ Industry Reports. Panama Telecom share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Panama Telecom Industry

The Panamanian telecom market is moderately competitive due to the presence of significant players like AT&T Inc., Planet Telecom Panama, and Cable & Wireless Communications Limited. Market players are enhancing their portfolios and seeking a lasting competitive advantage by forging strategic partnerships and introducing new products.

April 2024: CW Panama, a telecommunications company, announced that it had commenced testing the deployment of a 5G network in Panama within a controlled environment. The company also declared its plans to roll out pilot tests, starting with a strategic partner collaboration and, subsequently, media coverage of the electoral elections. Additionally, a pilot program is set to launch in the retail industry, introducing a 5G extended NETWORK LAN for enhanced video surveillance in distribution and storage centers.
April 2024: Panama entered the 5G era as Más Móvil, an operator under Cable & Wireless Panamá (a part of the Liberty Latin America holding company), initiated pilot tests in the 3.5 GHz spectrum block, facilitated by the National Public Services Authority.