Rapid economic growth in Panama positively affected the telecommunications market. Local sectors of mobile services and Internet services are the fastest growing to date. This opens up good prospects for entrepreneurs who plan to place VoIP equipment to terminate in this Latin American country.
Since the penetration of fixed telephony in Panama is lower than the average for the region, the DSL service sector is poorly developed in the country. But local ISPs widely use cable and wireless technologies to provide access to the Internet. Among the most popular providers are Cable & Wireless and Cable Onda.
The competition in the Internet sector of broadband access is still limited as the state-owned company Cable & Wireless has established a monopoly on the provision of DSL services, which affects the price policy of local providers.
To date, the penetration of the Internet in Panama is 70%, which is quite high and accounts for more than 2.8 million connections. The Internet services market is expected to continue developing in the coming years, with fiber-optic networks to be introduced to access the Global Network. However, you can currently connect a stable Internet for normal operation of a goip voip gateway gsm converter sip at sufficient download speed. The average Internet speed in Panama is 5.9 Mbps. In large cities, you can use Internet plans that provide higher speeds.
