Research in Motion (RIM) Ltd. will start manufacturing BlackBerry smartphones in Argentina through a deal with Brightstar Corporation, which will invest US$ 23 million. The production begins on October in Tierra del Fuego, and may generate up to 300 jobs.
According to RIM, it is...
NEC Corp., Japan’s biggest telecommunications equipment maker, is very optimist about Latin America. Its operations in countries such as Mexico, Brazil, Colombia and Chile is addressing important growth, and the region will play a crucial role to help NEC reach its goals. The company...
TIM Brazil had signed a contract with LT Amazon consortium to use their tower transmission lines and power substations to transport TIM cables across 27 cities in the states of Amazonas, Pará and Amapá, in Brazil. TIM will invest around R$ 171 million in...
Telebrás and TIM Brazil announced on July 13 that they have closed a deal to deliver mobile Internet to 1,000 Brazilian cities by the end of 2012. It’s part of a federal program to universalize Internet access in the country. The inititative will be possible using...
Telecom Italia's Brazilian mobile unit TIM Participações SA has bought telecommunications infrastructure operator AES Atimus Group from Companhia Brasiliana de Energia for R$ 1.6 billion (US$1.025 billion), in cash. The acquisition represents a significant expansion of TIM's infrastructure, since it's adding a fiber-optic network...
Bloomberg | May 10, 2011 |Â Adam Haigh and Manuel Baigorri
Telefonica SA (TEF)’s Atento call-center unit will sell new shares in an initial public offering as the Spanish parent company seeks to reduce debt and focuses on Latin America to offset declining domestic market share.
The...
San Jose, CA., - Speaking at the Ericsson Business Innovation Forum in San Jose, CA, Wednesday, Brian Wilcove a general partner at VC firm Sofinnova Ventures said a big change was happening in the world of telecoms.
“Instead of paying for minutes, we’re moving towards...
As I sat listening to a series of presentations by successful entrepreneurs at the University of Texas’s AT&T Conference Center in Austin for Texas Venture Week today, it became increasingly obvious that one particular factor was key to their success....
Spiceworks | April 28, 2011 | Press Release
Adams Street Partners and Tenaya Capital Lead Growth Investment Financing Round
AUSTIN, Texas – April 28, 2011 – Spiceworks™, Inc. today announced it has closed a $25 million financing round with new investors Adams Street Partners and Tenaya Capital...
The Hindustan | April 25, 2011 |Â Vivek Sinha
Shiv Nadar, the founder chairman of software major HCL Technologies, announced on Monday that he would set up a research-led multidisciplinary university at Greater Noida, a satellite town of Delhi. The Shiv Nadar University, named after the...
Brightpoint | April 20, 2011 | Press Release
INDIANAPOLIS, April 20, 2011 (GLOBE NEWSWIRE) -- Brightpoint, Inc. (Nasdaq:CELL), a global leader in providing supply chain solutions to the wireless industry, today announced the successful completion of its strategic investment in Intcomex, Inc. by its wholly-owned Miami-based subsidiary, Brightpoint Latin America, Inc. ("Brightpoint Latin America")....
The Hindu | April 14, 2011
Tax benefits for telecom infrastructure providers suggested
Proposes setting up of 2 semiconductor fabrication units
NEW DELHI: The Telecom Regulatory Authority of India (TRAI) on Wednesday issued important recommendations related to manufacturing, infrastructure and green telecom to promote structured growth of...
Reuters | March 28, 2011 |Â Wirat Buranakanokthanasan
* To offer 6.73 bln shares at ratio of 0.865 for 1 existing share
* Price at 68 pct discount, dilution effect of 30 pct
* Shares slip as much as 9 pct to a four-month low
(Adds details, comments from...
Business Week | March 25, 2011
Funtalk China Holdings Ltd., which sells and distributes wireless communication devices, said Friday that a group of investors, which includes some of its executives, want to take it private in a deal worth about $98 million.
The investor group offered...
Fox News | March 24, 2011
Brasilia –  Spanish telecom giant Telefonica plans to invest 24.3 billion reais (some $14.7 billion) in Brazil between 2011 and 2014, CEO Cesar Alierta told Brazilian President Dilma Rousseff.
That amount represents a 52 percent increase over the previous four...
Indy Star | March 16, 2011
Indianapolis-based wireless device provider Brightpoint announced today its wholly-owned Miami-based subsidiary, Brightpoint Latin America Inc., will invest $15 million and contribute certain existing Latin America operations in exchange for an approximate 23 percent interest in Miami-based competitor Intcomex.
The deal...
Andina | February 24, 2011
Lima, Feb. 24 (ANDINA). America Movil has signed the contract for provision of telecoms services in Central and North Peru. America Movil won the tender for this project at the beginning of January.
The contract was awarded by the Peruvian Ministry...
Wall Street Journal | February 17, 2011 | Mercedes Alvaro
Of DOW JONES NEWSWIRES
QUITO (Dow Jones)--Ecuador's largest cellphone company, Porta Celular, the local unit of Mexican communications giant America Movil SAB, (AMX, AMX.MX) plans to invest about $180 million during 2011 in the Andean country,...
Bloomberg | February 16, 2011 | The Associated Press
SAO PAULO (AP) — Spain's Telefonica plans to hold a public tender to pay up to $1 billion for outstanding common shares in Vivo, Brazil's top mobile company it already has a large stake in.
Vivo says...
Wall Street Journal | February 17, 2011 | Mercedes Alvaro
Of DOW JONES NEWSWIRES
QUITO (Dow Jones)--Ecuador's largest cellphone company, Porta Celular, the local unit of Mexican communications giant America Movil SAB, (AMX, AMX.MX) plans to invest about $180 million during 2011 in the Andean country,...
New Zealand Herald | February 10, 2011 | Hamish Fletcher
2degrees plans to invest $100 million in its network over the next two years, extending its reach into more parts of New Zealand.
The announcement follows a deal between 2degrees and international telecommunications giant Huawei, which...
Bloomberg | February 10, 2011 | Betty Liu
Feb. 10 (Bloomberg) -- Mexican billionaire Carlos Slim talks with Bloomberg's Betty Liu about his 2011 investment strategy in Latin America and his holdings in Saks Inc. and the New York Times Co. They spoke yesterday in...
Reuters | January 31, 2011 | Cyntia Barrera Diaz and Veronica Gomez
* Slim, world's richest person, to invest $3.6 bln in Mexico
* Mine unit looking to expand in Mexico and beyond
* Held conference at art-packed Mexico City office (Adds details on Swecomex, Dish)
MEXICO...
Bloomberg | January 25, 2011 | Mark Lee
Tencent Holdings Ltd. said it has set up a 5 billion yuan ($759.3 million) fund to invest in technology firms, as China’s biggest Internet company seeks to offer a wider range of services to its users.
The fund...
