In the four years between 2018 and 2021, the Panamanian mobile market has consolidated at a rate that has not been seen in other countries in the region. It went from five operators to three, and soon there will be only two with little chance that there will be room for another. Digicel's parting is the latest episode in this accelerated concentration of the number of players. For a country with a 130% penetration of mobile lines, according to Convergencia Research, the duopoly may seem like the only possible solution if a financially healthy sector is sought with enough support to face 5G investments.