3G Network Expansion to Drive VoIP Growth in Latin America

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3G Network Expansion to Drive VoIP Growth in Latin America

5:30 am on July 20, 2009 | Category: VoIP, Wireless Technology, Cellular

Latin America’s VoIP services market will continue to thrive in the next few years, growing at a compound rate of 70% annually through 2014, according to recent projections by Signals Telecom Consulting.

Growth will be driven largely by mobile VoIP services, which are expected to become increasingly prevalent as 3G wireless coverage expands throughout the region.

Brazil is currently the largest Latin American VoIP market, and will surpass US$1 billion in VoIP revenue in 2012, Signals predicts. Two other Latin American markets – Mexico and Argentina – are expected to reach the $1 billion milestone in 2013 and 2014, respectively.