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Venezuela’s economic crisis stifling the telecoms sector...

Businesses are reassessing their responsibilities towards society. Just in time for the pandemic age

Venezuela’s fixed-line teledensity was relatively high for the region before the steady growth in the number of lines came to an end in 2015. Since then, the number of lines has plummeted, and by late 2020 teledensity had fallen to about 18.6%.

Scion of Billionaire Family Hunts for Cheap Assets in Venezuela Mar 22 2021, 11:32 PM March 22 2021, 4:30 PM March 22 2021, 11:32 PM (Bloomberg) -- The name Cisneros is synonymous with business acumen and opulence in the minds of Venezuelans old enough to remember the pre-Hugo Chavez years. (Bloomberg) -- The name Cisneros is synonymous with business acumen and opulence in the minds of Venezuelans old enough to remember the pre-Hugo Chavez years. Over generations, the billionaire family brought the Studebaker, Pepsi-Cola and department stores to the oil-rich country. It launched DirecTV in La...

Highlights Traditional multichannel subs to show moderate growth during the year as cable and IPTV connections increase and direct-to-home continues its downward trend. Residential fixed broadband subscribers to expand by 5.6% in 2021, a much faster pace than the multichannel industry's expected growth of 0.3% in the same period. After the devastating effects of COVID-19 in the Latin America and Caribbean region, 2021 will likely see the start of an economic recovery that could continue telecommunications trends from previous years, with fixed broadband leading growth, mostly supported by th...