Latin America's fixed broadband revenue set to reach US$28.7bn in 2024.


In Latin America, fixed broadband revenue will increase from US$23.8bn in 2019 to US$28.7bn in 2024, at a compound annual growth rate (CAGR) of 3.8%, according to GlobalData, a leading data and analytics company.

Growth will be driven mainly by broadband service adoption in the residential market, supported government broadband development initiatives and operators' investment in fiber-optic Infrastructure in countries such as Brazil, Mexico, Colombia and Chile. In this sense, FTTH/B will account for 31% of total fixed broadband lines in 2024, up from an estimated 21 % in 2019.

By the end of 2019, Brazil will be the largest fixed broadband market in Latin America both in terms of broadband...

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