Creating and distributing additional copies is prohibited without the permission of the publisher. Contact subscriptions@latinfinance.com.

Dominant Players Become More So

Mar 1, 2004

Brazil's 1998 privatization of Telebras, the state-run phone monopoly, may not have led to a blossoming of competition, low rates and burgeoning innovation, but it has helped the companies that took over the incumbent's regional operating companies. The government split Brazil into several regional and long distance franchises, and sold each one to a different operator. To ensure competition, it banned those companies from offering cellular or long distance services, or allowing any changes in ownership for five years. The result is that the half dozen companies that now dominate the telecom industry compete little with each other. "Mirror" franchises the government sold to compete...

To continue reading please take a free trial, subscribe or login below.


Already have an account?

Subscribe

Subscribe now for unlimited access to all current and archive news, data and market analysis. 

Subscribe

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial



LatinFinance Events

Poll

Will ABS become more interesting for LatAm borrowers as US monetary policy normalizes?

Vote    




“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management


Printing isn't available for this page.