A Rocky Evolution

A Rocky Evolution


This year's developments in the Brazilian telecom industry have played out like a steamy novela, with political wrangling and struggling companies starring in the leading roles. The issues at stake - competition, government interference and ambiguous regulations - remain hotly contested, particularly since more than half of the population still lacks basic phone service. In June, the four incumbent fixed-line companies - Telemar, Brasil Telecom, Telefônica, and long-distance carrier Embratel - agreed to sign contracts with the government extending their operating licenses until 2026. All four companies bought control of th

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