Telecom Italia is said to be weighing up the possibility of buying Brazilian telco Oi in a bid to strengthen its local arm TIM Brazil) position in the South American market, where it looks likely to get squeezed if Telefónica’s purchase of GVT goes through as planned.
Telecom Italia has announced the sale of its Brazilian towers to American Tower Corp for approximately €900 million, the price tag it set out to achieve in the first place. The telco also confirmed it is weighing up its options overall in the Brazilian market, and that it is considering a tie-up of its subsidiary Tim Participações with local competitor Oi.
French conglomerate Vivendi said Friday that it has finally agreed a deal for the sale of its wholly owned Brazilian operation, GVT, to European carrier Telefónica. The agreement, signed Thursday, includes a payment of €4.66bn in cash.
Telecom Italia has reportedly initiated talks with Vivendi, in a bid to counter Telefónica’s bid for the latter’s Brazilian asset GVT, that could see Vivendi take a stake in either Telecom Italia or Telecom Italia Media, writes Digital TV Europe.
Telefónica and its Brazilian subsidiary on Tuesday submitted an offer to merge with Brazilian ISP Global Village Telecom (GVT) for around €6.7bn and a 12 per cent stake in the share capital of the new entity. GVT is owned by French conglomerate Vivendi.
Chinese equipment vendor ZTE has struck a deal with Brazilian operator TIM Brasil to jointly set up an innovation centre in the country tasked with spearheading developments in next generation broadband technologies.
In a bid to rescue their proposed merger Brazilian operator Oi will get a bigger piece of the combined operation – CorpCo – in return for helping Portugal Telecom (PT) out with €847 million of defaulted debt from Rioforte, which had threatened to scupper the move.
The top brass of Brazilian communications regulation gathered at the Institute of Directors in central London today for the latest leg in the 700MHz 4G auction roadshow, with the apparent aim of opening up the process to new bidders outside of the four national incumbents.
Less than a year after the launch of 3G services in Rio de Janeiro and just in time to catch most of the World Cup action, Brazilian carrier Nextel this week switched on its 4G network in the city, giving users access to ten times faster download speeds.
International infrastructure and tower management firm American Tower Corporation has agreed to buy 100 per cent of the equity interests of BR Towers, a Brazilian real estate company that owns around 2,530 cell towers, for BR2.18bn ($978m). The company also has exclusive use rights to approximately 2,110 additional towers in the country.
Sweden’s Ericsson has won a contract from Brazilian operator Vivo that will see the vendor manage the deployment of smart parking and lighting solutions as part of Vivo’s digital city project in São Paolo. Ericsson will partner with specialist providers as the project’s lead systems integrator and will assume responsibility for design, installation and deployment as well as post-deployment managed services, operations and maintenance.
Telecom Italia’s Brazilian operation, TIM Brasil, is considering offloading its cell tower infrastructure in a bid to unlock more value from the assets and make the company more efficient.
Brazilian banking group Bradesco is planning to roll out NFC mobile payments across Brazil by summer 2014, through a partnership with mobile operator Claro and SIM card provider Giesecke & Devrient.
Spanish carrier Telefónica has been contracted by Nextel branded NII Holdings to supply nationwide 3G coverage for voice and data services in Brazil and Mexico, expanding Nextel’s existing coverage.
Brazilian operators are missing out on revenues totalling R$40bn because they are not satisfying the coverage requirements of customers. And it is claimed that the prime reason they are not satisfying those coverage requirements is because the government is making it prohibitively difficult for them to do so. Yet the regulator has warned operators that if they do not begin satisfying customers, it will fine them and take their spectrum licences away. That must feel like a right kick in the Brazil nuts.
Brazil’s antitrust regulator has ordered Spanish operator group Telefonica to relinquish part of its stake in TIM Brasil or seek a partner for its own Brazilian subsidiary Vivo.
The majority of Brazilian consumers are willing to pay more for an improved mobile service and operators could be missing out on up to R$40bn (US$17.13bn) per year, according to research published today.
Operator group Vodafone has signed up Latin American operator Datora Telecom to its Vodafone Partner Market agreement and as Vodafone’s non-equity partner, Datora Telecom has agreed to rebrand its mobile arm to Vodafone Brasil with immediate effect.
Brazilian operator Oi and its largest shareholder Portugal Telecom have agreed to merge into a combined entity called CorpCo. The deal is expected to enable CorpCo to generate operational and financial synergies, with a net present value (NPV) of approximately R$5.5bn ($2.5bn) and benefit from increased scale.
Operator group Telefonica has signed a deal with productivity tool provider Evernote to offer Vivo subscribers in Brazil a year’s subscription to its premium package.