Colombian telecom market reached $5.48 bln in 2006

Colombian telecommunications services market earned revenues of over $5.48 bln in 2006 and estimates this to reach $7.12 bln in 2012. Going forward, the voice over Internet Protocol (VoIP) segment is likely to emerge as the fastest growing market segment, followed by the broadband and Internet access segment. During the forecast period, the VoIP segment is projected to grow at a compound annual growth rate (CAGR) of 77.0% and the number of lines is expected to grow from 22,560 to 504,509, Frost & Sullivan says.