bnamericas.com— NII Holdings (Nasdaq: NIHD),which operates the Nextel brand of trunking and 3G services in Latin America, raised guidance for key indicators for 2010 after posting a strong Q2, boosted by continued growth in Brazil and recovery in Mexico, NII’s head of investor relations Tim Perrott told BNamericas. . Continue…
Archive for the 'Business News Americas' Category
Telefonica buys Portugal Telecom’s stake in Vivo for US$9.76bn - Brazil
bnamericas.com— Spanish telco Telefonica (NYSE: TEF) may have paid a pretty penny to purchase Portugal Telecom’s (NYSE: PT) 50% stake in their joint venture Brasilcel, which controls Brazil’s largest mobile operator Vivo (NYSE: VIV), but the Spaniards most likely will feel rest assured that the 7.5bn-euro (US$9.76bn) price tag was worth every cent, analysts told BNamericas… Continue…
Global Crossing US$47mn in red in Q2 despite higher demand from Latin America - Regional
bnamericas.com— International IP connectivity solutions provider Global Crossing (Nasdaq: GLBC) saw “healthy demand” in Latin America during the second quarter of the year, with particularly intense activity in Brazil, company CEO John Legere said during a conference call with investors… Continue…
ProInversion declares rural telecoms project void, process to be re-launched
bnamericas.com— Peru’s state agency for promoting private investment ProInversion has declared void a project to provide telecoms services in rural municipalities since the prequalified companies did not present financial offers, a spokesperson at ProInversion told BNamericas… Continue…
Ericsson sees continuous demand for 3G, regional sales down 12% y-o-y
bnamericas.com— Swedish equipment supplier Ericsson (Nasdaq: ERIC) is seeing continuous growth in mobile broadband in Latin America as well as a decline in 2G technology, company CEO Hans Vestberg said during a conference call with investors… Continue…
Alvarion seeing demand pick up for WiMax projects - Regional
bnamericas.com— After a slow 2009, Israeli WiMax equipment supplier Alvarion (Nasdaq: ALVR) has seen an increase in demand in Latin America during the last quarter for WiMax projects with governments and operators, Alvarion’s marketing VP Ashish Sharma told BNamericas… Continue…
Telmex still frustrated by convergence agreement - Mexico
bnamericas.com— The delay by Mexican authorities to allow incumbent fixed-line telco Telmex (NYSE: TMX) to offer TV services is damaging the company’s results and there seems no indication as to when such approval might happen, Telmex’s CFO Adolfo Cerezo told an investors conference call… Continue…
Bidding for 1.7GHz ends, watchdog to decide whether to award 30MHz to Nextel/Televisa -
bnamericas.com— Now that the economic bidding phase for licenses in Mexico’s 1.7GHz band has been confirmed over, telecoms regulator Cofetel faces a controversial decision of whether to award a 30MHz block to the Nextel/Televisa consortium, which was the only one to meet requirements but bid an extremely low price, analysts told BNamericas… Continue…
RIM to launch Mobile Voice System 5.0 across Latin America by September - Regional
bnamericas.com— Research in Motion (RIM) (Nasdaq: RIMM), maker of the BlackBerry smartphone, plans to launch its Mobile Voice System (MVS) 5.0 voice over Wi-Fi platform in all of Latin America in August or . Continue…
Telmex seen among most benefitted operators if PL 29 finally approved - Brazil
bnamericas.com— Mexican-owned telecoms operator Telmex could be one of the players to benefit most if the Brazilian congress ends up approving bill PL 29, which opens the domestic pay-TV distribution market to telephone carriers, consultancy Frost & Sullivan research analyst Bruno Neto told BNamericas… Continue…
Backhaul must increase 100 times to support 5bn devices in 2020 - Ericsson - Regional
bnamericas.com— Swedish telecoms equipment manufacturer Ericsson (Nasdaq: ERIC) expects that backhaul capacity in Latin America will have to increase 100 times if the region is to support what it predicts will be 5bn connected devices operating in the region in 2020, Sergio Quiroga, president for Ericsson in Latin America, told BNamericas… Continue…
Stakes continue to rise for mobile spectrum auction - Mexico
bnamericas.com— The stakes keep rising at a rapid rate in Mexico in an auction for blocks of mobile frequency in the 1.9GHz and 1.7GHz bands with the value offered now seven and a half times the minimum bidding price fixed by the government, Ernesto Piedras, analyst with consultancy the Competitive Intelligence Unit, told BNamericas… Continue…
Marcatel eying MVNO launch this year - Mexico
bnamericas.com— Mexican fixed-line operator Marcatel is eying the launch of a mobile virtual network operator (MVNO) this year to diversify its portfolio of services, Marcatel’s president, Gustavo de la Garza, told BNamericas… Continue…
Special treatment queries raised over CFE’s concession license extension - Mexico
bnamericas.com— News this week that Mexico’s communications and transport ministry SCT had granted state energy company CFE’s telecommunications unit permission to provide national transport coverage has raised some questions about both influence peddling and transparency, Sergio Legorreta, lawyer with Baker & McKenzie, told BNamericas… Continue…
SCT grants CFE extension of fiber coverage area - Mexico
bnamericas.com— Mexico’s communications and transport ministry SCT has modified state energy company CFE’s telecommunications concession, allowing it to extend the area of coverage where it can offer services over its fiber optics network to 220 cities from 71, SCT said in a statement… Continue…
Process to approve complex cases such as Oi-BrT sluggish, Cade says - Brazil
bnamericas.com— The process to approve a complex merger or acquisition in Brazil, such as that of telecoms giant Oi’s purchase of Brasil Telecom (BrT), simply takes too long, Brazil’s antitrust agency Cade president Arthur Sanchez Badin told BNamericas… Continue…
