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Singapore’s Singtel increases investments in Thai carrier AIS

Singtel is increasing its investment in Intouch Holdings, which is the parent company of Thai carrier AIS Singapore telecommunications operator Singtel is increasing its stake in Thai operator Advanced Info Services (AIS) through a new investment by its subsidiary Singtel Global Investments. In a release, Singtel...

Verizon boosts investment in Florida to address ‘skyrocketing demands’

Verizon is allocating an additional $149 million to Florida and will build more than 3,500 new network solutions According to The Palm Beach Post, more than 547,000 people have traded their out-of-state driver’s licenses during 2021 for one from Florida. This, the news outlet...

Show me the IoT money: opportunity for investment

Within the telecom industry, views differ widely on the scale of the IoT investment opportunity Asked at a recent conference when the "Internet of Things" will make a material difference to his company’s financial performance, the CEO of one major telecom operator replied: “Not in my tenure.” That...

Telefónica invests $2.9B in Argentina, Peru

LTE expansion is primary goal of investment Spanish group Telefónica has announced two major investments in Peru and Argentina. The Telco confirmed that it will invest approximately $2 billion in 2015-17 to deploy telecom infrastructure throughout Peru. During a visit to the country, César Alierta, Telefónica's president, reinforced...

European telecom investment on a long-term decline

Between 2006 and 2013, telecom investment by seven major European operators, including such giants as Orange, Deutsche Telecom and Vodafone, fell 5%. In contrast, the four U.S. operators – AT&T, Verizon Communications, Sprint and T-Mobile US – increased investment by 39%. French media outlet Les Echos...

LatAm: Argentina’s congress passes digital law; TIM Brasil denies offer rumors

Argentina's new telecommunications and information services bill has passed the lower house of congress. The digital bill – which defines new information technology as a public service, broadening the concept of Internet access – drew strong criticism from opposing members, who claim it favors monopolies. The measure passed the upper...

EMEA Perspective: Starting up in Munich or London?

There’s been a lot of buzz in the news lately about the London startup scene for tech. It seems things are really taking off for London. The latest news focuses on the launch of a $140 million fund aimed at series A funding for European...

LatAm: Brazil passes telecom tax relief, receives complaints about 700 MHz auction

Brazil’s government has approved a tax break program that exempts companies from several federal taxes related to investment in telecommunications networks. A total of 1,400 projects are expected to fall under the tax relief program, totaling almost U.S.$2.67 billion (R$6 billion) in tax exemptions. The...

LatAm Wrap-Up: Mexican telecom sector grows 12.5%; LTE expansion; Oi investment

Mexico’s telecommunications sector grew 12.5% during the first quarter of 2013 compared to the same period of 2012, according to Telecommunications Sector Production Index data. The telecom sector grew more than the Mexican GDP, which grew .8% for the period. The report, released by...

Brazil’s TIM to invest $5.4 billion from 2013 to 2015

Telecom Italia's Brazilian unit, TIM, announced that it will invest U.S.$5.41 billion from 2013 to 2015, focusing on increasing its customer base, expanding 3G coverage and improving service quality.  Follow RCR Wireless News—Americas on Twitter, Facebook and subscribe to our free periodic newsletters The company recently announced a new CEO and released...

Telefónica to invest $791 million in Venezuela this year; looks forward to LTE

Telefónica announced that the company will invest approximately U.S.$791 million (Bs3.4 billion) in its Venezuelan unit during 2013—an increase of 47% compared to 2012. The investment will focus on the installation of 1,525 nodes, tripling the company's fiber deployment throughout the country and acquiring...

Telefónica Argentina to invest $2B in 2013-14

The Argentinean unit of Spain-based carrier, Telefónica, announced that it will invest about $2.042 billion (10,000 million pesos) over the two-year period of 2013-2014. Investments will focus on developing communication services and expanding the company's data-customer base, as well as increasing broadband capacity, expanding...

Microsoft to invest $98 million in Brazil

The software giant Microsoft announced it will invest U.S.$98.24 million (R$200 million) focused on research, development and innovation in Brazil. The company said it will boost national competitiveness, while unveiling a series of planned initiatives to establish an advanced technology laboratory (ATL) located in Rio de...

América Móvil to invest $10B in 2013

After releasing positive third quarter results, the giant Latin American telecom group América Móvil released its forecast of U.S.$10 billion in investments during 2013—an amount similar to the amount in 2012. Follow RCR Wireless News—Americas on Twitter, Facebook and subscribe to our free periodic newsletters The main purpose of the...

Movistar Mexico launches first phase of LTE deployment

The LTE journey has begun in Mexico. Telefónica’s Movistar brand has begun deploying LTE across the country, with initial launch plans to cover the areas of Polanco, Ciudad de México; Zapopan, Jalisco; and San Pedro, Nuevo León. The announcement was made by Juan Antonio...

ETB to issue $600 million in bonds abroad for fiber optic network expansion

ETB (Empresa de Telecomunicaciones de Bogota), a Colombian state-owned telecommunication company,  plans to issue U.S.$600 million in bonds in international capital markets to fund the expansion of its fiber optic network, according to the local media which cited Bogota's mayor, Gustavo Petro. Follow us on Twitter, Facebook and subscribe to our...

Movistar obtains 20MHz in Venezuela; increases investments to $535 million

The Venezuelan wireless company Movistar, a unit of the Spanish group Telefónica, announced it is increasing its infrastructure investment in 2012 to U.S.$535 million (Bs.2.300 million). It has also been awarded 20 MHz in the 1900 MHz spectrum band. Follow us on Twitter, Facebook and subscribe to our free periodic...

Foxconn to invest $500M in new Brazilian plant, add 10,000 jobs

Foxconn, which manufactures products for Apple as well as other vendors, is investing $500 million (R$1 billion) to open a new plant in the state of São Paulo, creating 10,000 new jobs. "The new facility consolidates the company's intention to invest heavily in the Brazilian market....

Colombia’s Emcali invests $460,000 to expand public Wi-Fi coverage

Colombian municipally owned company Empresas Municipales de Cali (Emcali) is investing U.S.$460,000 to expand public Wi-Fi throughout the city of Cali. According to the company, 140 more cells will be installed in the coming days to provide free Internet access in parks, squares and...

Telefónica to invest $30 million in Peruvian cities of Lambayeque and Piura

When negotiating renewal of its licenses in Peru, Spanish-owned Telefónica announced it would investment U.S.$29.50 million (PEN 77 million) in the regions of Lambayeque and Piura to improve infrastructure, and expand and improve telecommunication service coverage. Follow RCR Wireless News—Americas on Twitter, Facebook and subscribe to our free periodic newsletters In...

NSN partners with Flextronics for local manufacturing in Brazil

Nokia Siemens Networks (NSN) has signed a partnership agreement with Flextronics to manufacture LTE equipment locally in Brazil. As  RCR Wireless News previously reported, NSN aims to achieve a 35% market share in Brazil. Eduardo Araújo, NSN's president for the Latin American region, has said...

Bolivia’s Viva invested $100M over two years to upgrade wireless network

Bolivian mobile network operator NuevaTel PCS, which offers services under the Viva brand, announced it has invested about U.S.$100 million over the last two years to install a new and upgraded telecom network nationwide. Viva owns HSPA+ networks. Follow RCR Wireless News—Americas on Twitter, Facebook and subscribe to our...

Troubled Hondutel looks abroad for needed $500M investment

Facing a deep financial crisis, the Honduran government-owned telecommunications company, Hondutel (also known as Empresa Hondureña de Telecomunicaciones), needs to secure at least U.S.$500 million in new investments to be competitive in the market. The telecom operator is looking primarily for a foreign investor, and...

Brazil announces $248M investment to boost software, IT services

The Brazilian government has great ambitions for its information technology (IT) sector. Yesterday, the government unveiled a vast investment program totaling U.S.$247.65 million (R$500 million) over the 2012-2015 period, which aims to improve and increase software development, boosting both the software and IT service...

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