Telecom Market in Togo is Estimated to Generate Total Telecom Services revenue of $451M in 2015

Date: 2015-10-29

The telecom market in Togo is expected to grow at a CAGR of 6.5% during 2015-2020 to reach $617m by 2020. Mobile voice will continue to be the largest contributor to revenue. Mobile data revenue is expected to more than double to reach $106m by 2020 up from $41m in 2015, driven by improvements in 3G networks coverage and quality of service, mobile money and the launch of 4G. The telecom market in Togo is dominated by the duopoly of Togocel and Moov Togo, which is expected to continue over the forecast period. However, with the potential entry of a third operator via an international tender launched by the government, the competitive environment could become intense. Mobile service prices are among the highest in the West African region. As a result the government introduced a price cap policy which is making prices more affordable. Bringing in an additional operator could further help bring down mobile prices in the market.

Key Findings
– The telecom market in Togo is estimated to generate total telecom services revenue of $451m in 2015. Pyramid Research expects total telecom market revenue in Togo to grow at a CAGR of 6.5% to reach $617m in 2020.

– The mobile voice segment will account for 68.7% of total revenue in 2015. The overall telecom market is heavily inclined toward mobile services, which are expected to contribute 77.8% to total service revenue in 2015. Rising mobile penetration of the population, supported by coverage expansion in remote communities, enhancement of network infrastructure by operators and growth in mobile data, will fuel growth in the mobile market in the coming years.

– Fixed Internet services will grow at a CAGR of 19.9% over 2015-2020 to reach $17m by 2020. The government, jointly with Huawei, plans to install 200km of fiber cable by the end of 2016. This new fiber deployment, along with the existing West Africa Cable System (WACS), will boost the transmission capacity in Togo thereby supporting broadband growth in the coming years.

Contact With Us
Join templatemonster at google+
Customized Research
Request Sample