September 1, 2010
by Vincent BevinsIn 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.
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 s
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.