Togo: Pyramid Research forecasts positive outlook for telecom sector, by 2020

Telecom
Friday, 02 February 2018 09:00
Togo: Pyramid Research forecasts positive outlook for telecom sector, by 2020

(Togo First) - Telecommunications sector should grow by 6.5% average per annum in 2018-2020, generating $617 million of revenues by 2020, against $451 million in 2015. This is revealed by Pyramid Research in its last report focused on the telecommunication sector in Togo.
According to the report, in the years to come, mobile market’s growth will be driven by a great penetration rate for mobile, greater coverage of remote areas, improvement of infrastructures by operators as well as an increase in mobile data.
Subsequently, mobile telephony will remain the major contributor to telecommunication sector revenues. By 2020, mobile data (internet) earnings should more than double reaching $106 million, as against $41 million in 2015. A surge that would be spurred by improvements in network coverage and quality of 3G network, mobile transfers (T-Money and Flooz) and the launch of the 4G network.
Moreover, the duopoly of Togocel and Moov should continue but, according to Pyramid Research, it is possible that a new operator may enter the market which boasts of 7 million consumers.
In 2017-2020, fixed services provided by Internet Service Providers (ISP) are also projected to grow by about 19.9% annually to stand at $17 million.

Fiacre E. Kakpo

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