Mobile phone penetration levels in Chile has passed the 100% mark, according to information released by Undersecretary of Telecommunications Pablo Bello. There are now 16.6 million registered phone accounts in the country.
Chile is the third country to reach saturation in Latin America.
Bello added that further competition between Chile's three biggest providers - Movistar, Entel and Claro - will keep prices low for consumers. Prices are set to fall over the next five years as part of a pricing regime agreed earlier this year with the regulator.
"The intense competition we now see between providers will continue to keep the costs low for users," he said. "The providers will also extend their coverage and develop better service standards as they fight for a bigger market share."
Based on figures from the Mobile World analysts, the market shares of the three main operators at the end of June were: Movistar (43.7%), Entel (36.6%) and Claro (19.6%).
Land line subscribers have fallen to just over 2.3 million lines.
Source: Cellular News