SAO PAULO (Reuters) – Brazilian phone companies relied on cost cutting and data-hungry cellphone plans to maintain profitability in the first quarter as quickening inflation and a saturated mobile market slowed sales growth to a trickle, according to a Reuters poll of analysts.
Revenue at Brazil’s biggest telecom companies rose from a year earlier at a lower rate than the country’s benchmark measure of consumer prices, underscoring the challenge of maintaining profitability after a bonanza of new cellphone subscribers have come and gone.
RIO DE JANEIRO (Reuters) – Strong demand for mobile broadband equipment in Latin America will keep Ericsson’s plant in Brazil at full capacity this year, says a senior executive at the telecom equipment manufacturer.
Mobile phone operators in Brazil are scrambling to improve their networks after heavy scrutiny from regulators because of poor service and a lack of investment in mobile infrastructure in recent years. The problems came despite a ballooning client base in Latin America’s biggest economy.
RIO DE JANEIRO/SAO PAULO, April 24 (Reuters) – Abril
Educação SA (ABRE11.SA: Quote, Profile, Research), a Brazilian learning systems company,
raised 585.5 million reais ($291 million) from the sale of
shares in a follow-on offering on Wednesday aimed at helping pay
for the acquisition of language school Wise Up.
The company priced the offering at 45 reais a unit,
according to a securities filing. The primary offering, whose
proceeds go entirely to Abril Educação’s capital, fetched 142.1
million reais, while shareholders of the company sold 443.4
million reais in a so-called secondary offering.
RIO DE JANEIRO, April 17 (Reuters) – As Brazil rushes to
introduce a blazing-fast fourth-generation wireless network
before the 2014 World Cup, fewer than a dozen compatible
smartphones will be available in stores, compared with the
hundreds of models on sale worldwide.
And the phones will be operational in a just few cities at
The launch of 4G services is crucial for Brazil to modernize
its thinly stretched telecommunications infrastructure and ease
the burden on 3G networks, which currently support over 68
million data users, according to regulator Anatel.
RIO DE JANEIRO, Nov 16 (Reuters) – Brazilian telecom
regulator Anatel on Friday ordered TIM Participacoes,
the nation’s No. 2 wireless carrier, to stop selling a flat-rate
promotional plan with unlimited calls per day because of
concerns about service quality.
It was the latest in a series of regulatory setbacks for the
Brazilian unit of Telecom Italia. In July, Anatel
banned TIM’s sales in 19 states for nearly two weeks until the
company presented an investment plan to improve service.
SAO PAULO, Nov 6 (Reuters) – Brazilian phone company
Telefonica Brasil SA’s revenue from fixed-line
services rose in the third quarter for the first time in 1 1/2
years, helping to make up for slowing growth in mobile demand.
Net revenue from home and business services edged up 0.2
percent from the second quarter after a series of sequential
declines that began in the second quarter of 2011, Telefonica
Brasil said on Tuesday.
SAO PAULO, Oct 31 (Reuters) – Shares of TIM Participaçoes SA
, Brazil’s second-largest wireless phone company, fell
on Wednesday as analysts cut their earnings forecasts after
revenue growth slowed in the third quarter.
Falling revenue from phone calls and fixed-line services led
the local subsidiary of Telecom Italia SpA to post a
quarterly profit in line with a year earlier and slightly below
estimates in a Reuters poll of analysts.
SAO PAULO, Oct 29 (Reuters) – Brazilian telecommunications
companies are likely to post mixed third-quarter results,
according to analysts in a Reuters survey, as competition gets
tougher and regulators demand more investments in a cooling
Weaker growth in mobile units of phone companies Telefonica
Brasil SA (VIVT4.SA: Quote, Profile, Research) and Oi SA (OIBR3.SA: Quote, Profile, Research) only barely offset
declining fixed-line revenue, analysts said. Carriers jockeying
for scarce new subscribers also offered cheaper rates and spent
more heavily on marketing, weighing on profitability.
SAO PAULO, July 13 (Reuters) – Brazil’s biggest phone
companies are opening another front in their battle with Mexican
tycoon Carlos Slim, challenging his hold on pay TV as they step
up investments in a crowded market.
Their returns will likely be limited at first, say analysts
and executives, due to the spending needed to break the hold of
Slim’s America Movil and DirecTV’s SKY Brasil
SAO PAULO (Reuters) – Nokia Siemens Networks aims to supply more than a third of Brazil’s nascent fourth-generation (4G) wireless network, the head of its Latin American board said on Wednesday.
As Brazilian regulator Anatel wrapped up its first auction of 4G licenses, the regional chairman of Nokia Siemens, Aluizio Byrro, said the company wants a piece of the new market that is in line with its more than 35 percent share of the 3G market.