Caribbean telecom sector revenue affected by COVID-19

摘要

Given the relative lack of economic diversity within the Caribbean, the telecoms sector accounts for a higher proportion of GDP in most markets in the region than is common elsewhere. In the long-term the sector remains one of steady growth, particularly in the mobile telephony and data segments. However, such is the dependence on tourism for many of the islands states that lockdowns associated with the COVID-19 pandemic, both within the Caribbean and among visitor countries, have had a dramatic effect on local economies. This has had a knock-on effect on consumer spending for telecom services and on operator revenue.