Exclusive outtakes from industry leaders
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.
VTR’s new network is expected to reach 80 percent of the Chilean market, allow for the exchange of high-speed mobile data and telecommunications services and provide the company’s own cable operation with a wireless alternative for the so-called “last mile” broadband access.
VTR’s Chief Executive Mauricio Ramos spoke to the Reuters Latin American Investment Summit about the potential of WiMax in Chile and the rest of the region.
When it comes to mobile phone growth, Mexico leads the way in Latin America. About half of its 100 million inhabitants already own a cell phone device and wireless operators are rushing to line up more clients.
NII Holdings Inc. Chief Executive Officer Steven Shindler tells Reuters Latin American Investment Summit about the expansion possibilities in Mexico, the region’s No. 2 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.
Latin America desperately needs multi-billion-dollar investment if it is to pull out of poverty, build the roads, bridges and dams it lacks and improve its woefully-inadequate education systems.