The telecom services market in Colombia is expected to reach a projected revenue of US$ 6.9 billion by 2033. A compound annual growth rate of 2.7% is expected of Colombia telecom services market from 2026 to 2033.
The Colombia telecom services market generated a revenue of USD 5.6 billion in 2025 and is expected to reach USD 6.9 billion by 2033.
The Colombia market is expected to grow at a CAGR of 2.7% from 2026 to 2033.
In terms of segment, mobile data services was the largest revenue generating service type in 2025.
Mobile Data Services is the most lucrative service type segment registering the fastest growth during the forecast period.
Telecom services market data book summary
Market revenue in 2025
USD 5.6 billion
Market revenue in 2033
USD 6.9 billion
Growth rate
2.7% (CAGR from 2026 to 2033)
Largest segment
Mobile data services
Fastest growing segment
Mobile Data Services
Historical data
2021 - 2024
Base year
2025
Forecast period
2026 - 2033
Quantitative units
Revenue in USD billion
Market segmentation
Fixed Voice Services, Pay TV Services, Fixed Internet Access Services, Mobile Data Services, Machine-to-Machine (Mobile IoT) Services, Mobile Voice Services
Key market players worldwide
AT&T, Verizon Communications Inc, Nippon Telegraph & Telephone Corp, China Mobile, Deutsche Telekom AG, SoftBank Group Corp, Telefonica SA, Vodafone Group PLC, KT Corp ADR, Reliance Inc, KDDI Corp, Orange SA, BT Group PLC, Comcast Corp Class A
Other key industry trends
In terms of revenue, Colombia accounted for 0.3% of the global telecom services market in 2025.
Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
In Latin America, Brazil telecom services market is projected to lead the regional market in terms of revenue in 2033.
Brazil is the fastest growing regional market in Latin America and is projected to reach USD 63.7 billion by 2033.
Colombia has made substantial improvements in rolling out ICT services and internet access to its residents in urban areas. The Ministry of ICT reported in Q4/2022, that there were 48.9 million internet connections, including 40.1 million mobile connections and 8.8 million fixed internet access points.
The most used technology was 4G, which accounted for 85.2% of connections, followed by 3G and 2G with 13.2% and 1.5%, respectively. Thus, the increasing number of internet users across the country is emerging as a major factor driving the growth of the market.
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Telecom Services Market Outlook will help companies and investors design strategic landscapes.
Mobile Data Services was the largest segment with a revenue share of 28.57% in 2025.
Horizon Databook has segmented the Colombia telecom services market based on fixed voice services, pay tv services, fixed internet access services, mobile data services, machine-to-machine (mobile iot) services, mobile voice services covering the revenue growth of each sub-segment from 2021 to 2033.
Colombia has made substantial improvements in rolling out ICT services and internet access to its residents in urban areas. The Ministry of ICT reported in Q4/2022, that there were 48.9 million internet connections, including 40.1 million mobile connections and 8.8 million fixed internet access points.
The most used technology was 4G, which accounted for 85.2% of connections, followed by 3G and 2G with 13.2% and 1.5%, respectively. Thus, the increasing number of internet users across the country is emerging as a major factor driving the growth of the market.
Colombia Telecom Services Market Service Type Outlook (Revenue, USD Billion , 2021-2033)
Colombia Telecom Services Market End Use Outlook (Revenue, USD Billion , 2021-2033)
Consumer/Residential
Business
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Horizon Databook provides a detailed overview of country-level data and insights on the Colombia Telecom Services Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Colombia Telecom Services Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.