Brazil Telecoms: Mobile Scramble
Ownership of Brazilian telecoms is in flux, reflecting elevated foreign interest as well as expansion on the ground. Consolidation has several more acts to run.
Not to be outdone, Carlos Slims empire shortly afterwards
sent a clear signal of its own major consolidation plans for
Brazil. And now, there is speculation that UK-based Vodafone
may be eyeing the local operations of Telecom Italia, which
controls the other major mobile service in Brazil.
by Vincent Bevins
In late July, Telefónica finally wrapped up a lengthy
and expensive quest to buy Portugal Telecom(PT)
out of a mobile venture in Brazil, and will now be able to
integrate it with fixed-line services. Not willing to leave
Latin Americas biggest market behind, PT used part of the
proceeds to buy a share in Oi, Brazils only major
national telecoms provider.
The scramble reflects two major trends. The first is
familiar enough to almost be cliché: emerging markets
are seen to be powering world economic growth and offer much
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