Frost & Sullivan: Colombian Telcos Capitalize on Pay-TV and Mobile Connectivity to Boost Revenues
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"To be successful going forward, telecommunications providers must embrace business models that include expanding their service portfolios, pursuing non-traditional revenue streams, and leveraging expertise in customer care and billing," said Gina Sanchez, Digital Transformation Senior Consultant at Frost & Sullivan.
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Telecommunication services have become increasingly integrated and competitive, bringing greater pressures on margins. Sanchez recommends providers focus on programmable infrastructure and networks, such as software defined networking (SDN), network function virtualization (NFV), data center orchestration, automation, and mobile network virtualization, to exploit new growth opportunities.
Four strategic imperatives for Telcos' success include:
"Shortening technology cycles, disruptive competition, elevated prices for high-capacity broadband technologies, and reduced profitability of telecom services are key factors restraining market growth," noted Sanchez. "Players need to identify a vertical focus based on their skills, expertise, and partnerships. They should monetize new opportunities through innovative business models and introduce fresh capabilities and resources when developing new processes."
Colombian Telecommunication Services Market, Forecast to 2022 is part of Frost & Sullivan's global Communication Services Growth Partnership Service program.
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Colombian Telecommunication Services Market, Forecast to 2022
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