Investment

Brazilian carrier Oi has reported a drop of 80% in its 2011 fourth-quarter profit. According to its financial report, the telecom operator’s net income was $77.06 million (R$ 140.7 million), a …

Virgin Mobile Latin America (VMLA) has secured U.S. $26.5 million in new equity funding to develop its regional business and launch mobile virtual network operator (MVNO) services in Chile. The …

Brazilian state-owned telecommunications provider Telebras has signed an agreement with Angola Cables to deploy a 6,000-kilometer submarine cable linking Fortaleza in Brazil to Luanda in Angola. According Telebras’s president Caio …

The Copenhagen Metrosubway changed its distributed antenna system (DAS) to better meet the need for wireless coverage in stations and trains with an investment of U.S. $2 million, according to …

IBM Brazil said it has invested $22.85 million (R$40 million) to launch its first corporate public cloud in the country. According to José Luis Spagnuolo, cloud computing director at IBM …

Aruba Networks’ CEO has visited Brazil on a couple of occasions, though the frequency of those visits are expected to increase. Speaking with reporters this week, Dominic Orr said that …

Billionaire Carlos Slim Helú is set to launch an Internet TV network that will feature American television host Larry King, who has joined Helú as a co-founder of the network. …

Compared to the big four telecom operators competing in the Brazilian market, Algar Telecom, a division of the Algar Group that operates the CTBC brand, is a much smaller and …

Following the launch of point-of-presence services at the 2011 Futurecom event in São Paulo, NTT America, a subsidiary of Japanese-based NTT Communications, hinted it was looking to expand its presence …

The Brazilian telecommunications wholesale market could become more competitive as Colombian Internexa, which is affiliated with ISA, announced the launch of services in Brazil. Internexa said it has invested $30 …

Latin America’s telecom sector is clearly in need of infrastructure investment. Gartner expects the Latam telecom sector to see double digit growth rates this year in traffic, demand and investments …

Brazilian ICT company Dígitro Tecnologia expanded operations and launched a subsidiary in Peru focused on providing technical support for local customers. The company noted that the new Peru operations will …

Intel says it will invest $80 million in its manufacturing plant in Costa Rica, this year. The investment is both to modernize equipment in order to produce 22-nanometer processors and …

Brazilian telecom provider Telebras has informed the Securities and Exchange Commission it will sign a memorandum of understanding with Odebrecht Defesa e Tecnologia in order to create a company to …

América Móvil, which recently posted an increase in revenues and a drop in net income for its latest quarter, said it will invest up to $9 billion in its operations …

The two major telecom operators in Mexico – fixed Telmex and mobile Telcel -, which together generate two-thirds of industry revenue, contribute less than one third of the investments. In …

Microsoft has invested $10 million in a tech center located in São Paulo, its second and biggest center in Latin America joining a previously launched center in Mexico City. Microsoft …

The Paraguayan Communications Company (Copaco) launch of its Internet Protocol television (IPTV) services starts its triple play offer, which is set to be the first in the country. According to …

Colombian operator Empresa de Telecomunicaciones de Bogota has set for Jan. 19 the commercial launch of its mobile telephony services under mobile virtual network operator. ETB first started offering data …

U.S.-based VelaTel Global Communications (previously known as ChinaTel Group) said it will continue focusing on deployments in Peru next year, according to Ryan Alvarez, VP of marketing for VelaTel in …

After winning a contract in April to supply and manage an emergency services call system for El Salvador’s national police force, the Panama unit of Cable & Wireless Communications (CWC) …

Brazil closed November with 236.1 million mobile subscribers, reaching teledensity of 120.81 connections per 100 people. Prepaid continued to account for the largest portion, 81.7%, and the trend may remain …

In the same week that UNE EPM Telecomunicaciones President Horacio Vélez de Bedout submitted his resignation to the board, the government telecom announced that it has partnered with compatriot firm …

Cable & Wireless Communications’ Caribbean business Lime said today that it has launched a 100 megabits per second (mbps) residential broadband service in Jamaica, delivering speeds more than 12 times faster …

Telecom infrastructure giant American Tower (AMT) unveiled plans to purchase 2,500 towers from Telefónica’s Mexican subsidiary for about $500 million, excluding value-added tax. AMT said it has entered into definitive …