TIM is the big winner as four become three in Brazil
Brazil is finally losing one of its big four mobile operators, with Oi having agreed a deal that will split its mobile assets between major rivals TIM, Telefonica and America Movil’s Claro.
Brazil is finally losing one of its big four mobile operators, with Oi having agreed a deal that will split its mobile assets between major rivals TIM, Telefonica and America Movil’s Claro.
Brazilian telco Oi has selected its trio of rivals as the acquirers of its mobile business unit, signalling competition in the market is about to shrink.
Telecom Italia, American Movil and Telefonica have renewed a joint effort to purchase Oi’s mobile business unit after being outbid by US private equity firm Colony Capital.
Brazilian telecoms operator Oi has received a joint bid from its three rivals to acquire its mobile business unit, as the firm searches for cash to fight back against bankruptcy.
KPN’s carrier services operation, iBasis, this week scored an LTE signalling exchange and roaming contract from Claro Peru, a subsidiary of America Movil.
Brazilian banking group Bradesco is planning to roll out NFC mobile payments across Brazil by summer 2014, through a partnership with mobile operator Claro and SIM card provider Giesecke & Devrient.
It’s not just the steaks that are heartily sized in Argentina, as the market now boasts the highest penetration rate in Latin America.
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