VTR GlobalCom is ready to deploy a WiMax network across Chile, a country of 16 million, joining local competitor Entel and Mexico’s Telmex in the race for more wireless clients in the region’s No. 5 economy.
For decades, Latin America was a magnet for U.S. and European companies seeking to manufacture products in under-developed countries with vast natural resources and cheap labor costs. But the surge in recent years of China and India as economic powerhouses is taking the luster away from the region. Fast.