While América Móvil says its first-quarter wireline revenues rose 9.2 percent in the first quarter, it wasn't enough to offset the company's 42 percent profit decline.
Telefónica said it is beginning a 'new journey in the Brazilian market" after receiving approval from Brazil's antitrust authority, Cade, to acquire fixed-line operator Global Village Telecom (GVT) from Vivendi.
America Movil's ongoing movement into Brazil's telecom market continued to pay off in Q4 with the country contributing fully 46 percent of the carrier's total worldwide fixed line revenue generating units (RGUs).
AT&T's decision to buy No. 3 Mexican wireless carrier Iusacell for $2.5 billion is likely a precursor to a larger move by AT&T into the Latin America market, potentially via a deal for some of América Móvil's assets or a push into Brazil, according to financial analysts. The deal could also possibly make it more likely that América Móvil will look to make a deal with T-Mobile US, though América Móvil has said it is not in talks with T-Mobile.
Seaborn Networks' pending build of the Seabras-1 submarine cable system linking the U.S. and Brazil has attracted Microsoft, which has signed an agreement for fiber network capacity in order to fulfill its customers' cloud service desires.
Level 3 has made its Latin America-based data centers even more valuable by earning the international ISO 9001 Certification for Quality Management for its data centers in Sao Paulo, Rio de Janeiro and Curitiba, Brazil.
Telefónica and Telecom Italia are reportedly gearing up for a bidding war in Brazil, with both operators preparing to go head to head over Vivendi-owned broadband provider Global Village Telecom (GVT). At the same time, Brazilian operator Oi is understood to be considering a bid for an $8 billion (€6 billion) stake in rival operator TIM Brasil.
Telecom Italia confirmed speculation that it is interested in making an offer for Vivendi-owned Global Telecom Village (GVT), although the Italian operator stressed that no bid has yet been made for the Brazilian broadband services provider.
Telecom Italia is reportedly in talks with Vivendi over an alliance that could lead to an acquisition of the French group's Brazilian broadband unit, Global Village Telecom (GVT), and see Vivendi take a stake in the Italian operator.
América Móvil cleared a key hurdle in moving ahead with its plan to merge its three Brazil-based service providers--Claro, NET Servicos and Embratel--into a single company as Brazil regulator Anatel approved the plan.