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 than the company’s previous fastest broadband service.
The new broadband service is delivered using its...
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 agreements with Pegaso PCS SA de CV and expects to acquire a substantial majority...
The Mexican unit of Spain’s Telefónica has invested U.S. $13 billion in the past 10 years to boost the telecommunications access in the country, Telefónica CEO Juan Antonio Abellán said.
In the coming year, the carrier said, it will focus on developing the telecom sector...
Nokia Siemens Networks has inaugurated a new center in Mexico to deliver remote services to operators across Latin America and around the world. The service delivery center will provide network design and planning as well as optimization and assurance for both networks and the...
The Colombian unit of the Spanish group Telefónica will receive about U.S. $500 million from its parent company in 2012 from for investments, focusing on expanding its infrastructure for data services, fixed and mobile telephony.
At an auction of frequency bands leftovers held by Brazilian telecom regulator Anatel on Dec. 6, carriers offered $132.7 million for 15 lots of frequency sub-bands used for the provision of personal mobile services.
The Brazilian unit of Spain’s Telefónica aims to be the biggest and best telecom provider in Brazil -- and that consumers recognize it as such. That might not be easy, because Telefónica Brazil faced serious problems with its Internet broadband service Speed in 2008, and it took some time to recover from the brand damage. However, the current scenario is brighter: Little more than one year after the mobile carrier Vivo’s acquisition, all Telefónica’s products will be rebranded under the Vivo name.
After buying telecommunications infrastructure operator AES Atimus Group in July for $1.03 billion, Telecom Italia’s Brazilian mobile unit, TIM Participações SA, on Dec. 5 announced TIM Fiber’s business plan for the next year.
Telecom operator GVT Holdings, owned by French entertainment and telecom group Vivendi, has been approved for a loan of U.S. $663 million (R$1.184 billion) from Brazilian development bank BNDES. The loan is intended to complement the company's investment plans through 2013, which are aimed at expanding current business areas and new cities, as well as pay-TV operations and implementing innovation in telephony services and Internet bandwidth range, content and interactivity.
Finnish telecom giant Nokia is planning to add its Asha series of Web-enabled cellphones and Lumia 710 to the array of devices manufactured at its Manaus plant in northern Brazil.
Members of the Union of South American Nations (Unasur) met this week to discuss the creation of a regional connectivity network to create more points of interconnection both domestically and regionally. The initiative would cost U.S. $100 million and could be finished within two years, Brazil's communications minister said.
After tapping Chile as its initial launch market for mobile virtual network operator services in Latin America and receiving regulatory approval to operate in Mexico, Virgin Mobile Latin America has obtained licenses to provide wireless communications in Colombia and Peru.
IBM’s growth market unit, which includes 152 emerging countries under China’s leadership, is expected to represent 30% of the company's revenues by 2015, an increase of 5 percentage points from IBM's initial prediction of 25%. “Brazil is No. 2, behind China, in terms of...
Business application software provider Infor said it will relocate its headquarters from Alpharetta, Ga., to New York City by mid-2012. Infor CEO Charles Phillips said that 2011 has been a strong year for the company, with three consecutive quarters of double-digit year-over-year growth, which...
“The investments in the telecommunications market had not been so high since the Brazilian privatization in 1998,” said Renato Pasquini, Frost & Sullivan’s industry analyst, during a presentation of the consulting firm's newest study on the Brazilian telecommunications services market.
The investments of the biggest...
Ronaldo Miranda, Advanced Micro Devices’ (NYSE: AMD) president for Brazil and Latin America’s vice president since March, is celebrating. “We started 2011 with 7% of market share in laptops and consumer verticals in Brazil, and now we have 20%, which is higher than our goal of 15%,” he said during a news conference Tuesday.
Brazilian carrier Oi (TNE) is expanding its business in neighboring Paraguay, where the Paraguayan National Telecommunications Commission (Conatel) has authorized Oi to begin operations in the east of the country as a wholesaler, reported La Nación. The local press also noted that Oi intends...
Carlos Slim’s América Móvil SAB will pay $4.6 billion (or 62.1 billion pesos) to increase its stake in Teléfonos de México SAB from 59.4% to 92.8%, securing control of Telmex.
In the third quarter, Brazilian telecom operator GVT Holding, owned by French entertainment and telecom group Vivendi, saw net revenues rise 38.4% and a 50.1% increase in the number of lines in service in the customer base.
Private equity firm Aditya Birla Capital Advisors has invested U.S. $18.7 million in Alphion India Private Ltd., the principal subsidiary of Alphion Corp, a global provider of optical networks.
Investment in Venezuela's telecommunications industry increased 21.7% in the third quarter compared with the same period last year, reaching U.S. $220 million, said Conatel, the country's telecom agency. However, the number of mobile subscribers dropped 3.2% from a year ago.
Warren Buffett's Berkshire Hathaway has bought $10.7 billion worth of common stock in IBM (NYSE: IBM) this year. Berkshire now owns 5.4% of Big Blue, but the 81-year-old billionaire has said he doesn't intend to buy any more shares.
Latin America and mobile data were the main drivers of Telefónica Group's revenue during the first nine months of 2011. Telefónica Latinoamérica reported an 8.1% rise in revenue compared with the same period last year, accounting for 46% of the group total; mobile data revenue rose 19.6%.
RIL-owned subsidiary Infotel Broadband has acquired a 38.5% stake in digital learning company Extramarks Education for an undisclosed amount. The investment was carried out by an affiliate of RIL, Reliance Strategic Investments.
Extramarks Education, which also focuses on school education, has its content distributed digitally,...
