América Móvil strengthens its position in Brazil with Nextel acquisition
The Latin American mobile heavyweight América Móvil has agreed to acquire its competitor Nextel in the Brazilian market for $905 million.
The Latin American mobile heavyweight América Móvil has agreed to acquire its competitor Nextel in the Brazilian market for $905 million.
Telecom Italia is reportedly scouring through bank statements, trying to figure out whether it can purchase Nextel Telecommunicacoes in an effort to boost market share.
After being given the green light in Mexico, AT&T’s acquisition of Time Warner is coming under closer scrutiny in Brazil, relating to competition concerns.
Latin America’s biggest telecoms company – Brazil’s Oi – has filed for what is the country’s largest ever bankruptcy.
Research from App Annie highlighted emerging markets are set to account for 45% of global app revenue by 2020, with revenue growth expected to double figures in western economies.
Telecoms giants Huawei and Vodafone have announced the opening of what they claim is the world’s first open lab dedicated to the development of narrowband IoT.
Swedish network giant Ericsson stressed the importance of transformation at its AGM this week and also managed to bank a couple of major deals in Mexico and Brazil.
Equipment maker Nokia Networks and mobile operator Oi Brasil are to create Latin America’s first ever lab for LTE-based Internet of Things experiments.
Latin America’s first test systems for 5G networks and IoT are to be installed in Brazil from 2016 in a joint partnership between kit vendor Ericsson and mobile operator América Móvil.
Chinese mobile tech company Xiaomi has announced its smartphone sales numbers for the first half of 2015 and they’re up an impressive 33% on the same period a year ago.
Telecom Italia has announced it is planning to buy out its media division of which it already owns 78%. The telco said the incorporation of Telecom Italia Media (TI Media), which has been publicly traded for over a decade, has been approved by board members on the basis of simplifying and rationalising the group structure.
Telecom Italia has announced the sale of its Brazilian towers to American Tower Corp for approximately €900 million, the price tag it set out to achieve in the first place. The telco also confirmed it is weighing up its options overall in the Brazilian market, and that it is considering a tie-up of its subsidiary Tim Participações with local competitor Oi.
French conglomerate Vivendi said Friday that it has finally agreed a deal for the sale of its wholly owned Brazilian operation, GVT, to European carrier Telefónica. The agreement, signed Thursday, includes a payment of €4.66bn in cash.
Telecom Italia is said to be weighing up the possibility of buying Brazilian telco Oi in a bid to strengthen its local arm TIM Brazil) position in the South American market, where it looks likely to get squeezed if Telefónica’s purchase of GVT goes through as planned.
Telecom Italia has reportedly initiated talks with Vivendi, in a bid to counter Telefónica’s bid for the latter’s Brazilian asset GVT, that could see Vivendi take a stake in either Telecom Italia or Telecom Italia Media, writes Digital TV Europe.
Telefónica and its Brazilian subsidiary on Tuesday submitted an offer to merge with Brazilian ISP Global Village Telecom (GVT) for around €6.7bn and a 12 per cent stake in the share capital of the new entity. GVT is owned by French conglomerate Vivendi.
Chinese equipment vendor ZTE has struck a deal with Brazilian operator TIM Brasil to jointly set up an innovation centre in the country tasked with spearheading developments in next generation broadband technologies.
In a bid to rescue their proposed merger Brazilian operator Oi will get a bigger piece of the combined operation – CorpCo – in return for helping Portugal Telecom (PT) out with €847 million of defaulted debt from Rioforte, which had threatened to scupper the move.
The top brass of Brazilian communications regulation gathered at the Institute of Directors in central London today for the latest leg in the 700MHz 4G auction roadshow, with the apparent aim of opening up the process to new bidders outside of the four national incumbents.
Less than a year after the launch of 3G services in Rio de Janeiro and just in time to catch most of the World Cup action, Brazilian carrier Nextel this week switched on its 4G network in the city, giving users access to ten times faster download speeds.
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