Over the next five years, mobile operators will add a combined 5.2m subscriptions to the market, bringing the country’s total to 63.5m by 2022.
Leandro Agion, Technology Analyst at GlobalData, comments: “While 3G technology accounted for the majority of mobile subscriptions in Colombia at the end of 2017, 4G has been rapidly gaining momentum. We expect 4G to overtake 3G as the most popular mobile technology by 2022, accounting for 60.2% of total active subscriptions. 4G adoption will be driven by increasing adoption of smartphones and as operators expand their 4G Long-Term Evolution (LTE) network.”
To support the increasing coverage of LTE, in July 2016, the Colombian government announced plans to auction spectrum in the 700MHz band for the deployment of LTE services. The process, which has remained in standby since then, could now reactivate as MinTIC announced its intention to resume the auction during the second half of 2018.
Information based on GlobalData’s report: Colombia: Country Intelligence Report
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