Latin America and the Caribbean saw fixed residential broadband connections increase 8.4% in 2023, reaching 53.7% of occupied households in the region. Growing connectivity needs and internet service providers’ push to reach new markets in large countries such as Mexico and Brazil led to a faster deployment of services.
According to S&P Global Market Intelligence Kagan’s forecast, the penetration will expand to 56.4% of occupied households by 2024.
Fiber-to-the-home (FTTH) connections led the way, rising 21.2% year over year to reach 62.9 million households across the region and reflecting a market share of 56.3%. Our models project that FTTH market share will jump to 60.1% by year-end.
On the flip side, traditional pay TV services declined 0.4% in 2023, according to Kagan estimates, ending the year with 63.4 million subscriptions, or 33.3% of TV households, as the growing…
