The internet market has witnessed a significant surge in activity, recording a 6.5% increase by the end of September 2024. This growth has pushed the number of subscribers to an impressive 42.1 million, resulting in a record penetration rate of 112.7%, according to the Directorate of Treasury and External Finance (DTFE).
The current penetration rate marks a remarkable leap compared to 106.8% in September 2023 and 74.1% in September 2019, as outlined in the latest economic update from the Department of Studies and Financial Forecasts (DEPF).
Mobile phone subscribers on the rise
Meanwhile, the mobile telephony sector also reported solid growth, with its subscriber base nearing 60.3 million. This reflects a 5.2% year-on-year increase, building on a 4.9% rise the previous year. The penetration rate for mobile services hit a record-breaking 161.3%, compared to 154.8% in September 2023 and 133.5% during the same period in 2019.
As for fixed-line telephony, its subscriber base grew to nearly 3 million users by the end of September 2024, marking a 6.4% rise after a robust 7.6% increase the previous year.
A digital landscape in full expansion
These figures highlight a fast-evolving digital landscape, where internet and mobile services are driving connectivity to unprecedented levels. With penetration rates continuing to break records across all segments, the telecommunications sector underscores its pivotal role in economic and societal transformation.
