3G and LTE networks are quickly displacing 2G in Latin America, with LTE to account for nearly half of all mobile devices sold in the region in 2016, according to Vinicius Caetano, Senior Analyst at Pyramid Research.
“Within 3-4 years of its first deployments in the region, 3G networks already account for 26 percent of the subscriptions in service in Latin America,” says Caetano. “In fact, 41 percent of all mobile phones sold in Latin America in 2011 will be based on the 3G technology.”
With the high speeds already provided by 3G, Pyramid Research expects that LTE will take a little longer to develop.
“Even so, we expect LTE subscriptions to account for 6.9 percent of all mobile subscriptions in Latin America in 2016, which is 4 years after its first commercial deployments in 2012,” Caetano explains. “In 2016, LTE devices will account for 48.5 percent of all mobile devices sold.