America Movil SAB de CV ADR (AMOV) Q1 2021 Earnings Call Transcript fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
Fixed broadband overview
Meanwhile, broadband adoption in Latin America accelerated in 2020, resuming a trend since 2015 that had slowed in 2019, with the uptick likely due in part to work-from-home demands brought about by COVID-19. Fixed broadband subscriptions in the region grew 6.6% to 86.2 million, or 43.3% of total households, according to Kagan estimates.
This was largely due to fiber growth, especially in Brazil where the platform shot up 46.5% in 2020, making up for DSL losses as telcos across the region migrate their subscribers to new networks and small ISPs start to challenge existing players. However, cable remains the top broadband platform in Latin America, with a 40.0% share of total broadband households.