Peru: Mobile Market Poised For Strong Growth as Heightened Competition and Network Improvements Spur Demand
Peru witnessed a strong depreciation of its local currency against the US dollar in 2015 like most major markets in Latin America. In large part owing to this effect, the Peruvian telecom services market contracted by 6.6% in 2015, from $4.8bn in 2014 to $4.5bn in 2015. With the fifth-largest population in Latin America, Peru is home to the seventh-largest telecom market in the region. According to a leading research firm, it is expected that, the total services revenue will grow at a CAGR of 3.1% between 2015 and 2020, in US dollar terms, reaching $5.3bn in 2020.
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