Investment

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 …

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 …

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 …

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 …

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 …

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 …

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 …

A recent survey from Grant Thornton U.K., prepared by Experian, placed Brazil among the top most attractive countries for information and communication technology (ICT) business investment and expansion. “The huge potential consumer market, which is increasing due to the advancement of …

Brazilian telecommunication service providers invested $2.29 billion (R$4.7 billion) in the first quarter of 2012, according to TeleBrasil, the Brazilian association of telecommunication companies. The amount represents the total investment made in fixed and mobile telephony, broadband and pay-TV from January …

When announcing it will manufacture LTE equipment in Brazil, Nokia Siemens Networks (NSN) said it aims to get a 35% market share. “Our worldwide market share in LTE is significant. We have 52 LTE contracts around the globe, and we believe …

Founded in 2002 in Germany, Tyntec is set to launch services in Brazil. The company is a mobile interaction specialist which provides solutions that enable enterprises to integrate mobile telecom services for a wide range of uses. During an exclusive interview, …

The president of Brazil’s telecom regulatory agency Anatel, João Rezende, said investments for the deployment of next-generation telecommunications services could reach $1.93 billion (R$4 billion) over the coming years. In an interview posted by Convergência Digital, a RCR Wireless News …

China’s Huawei Technologies expects its Brazilian unit’s revenues to reach $5 billion by 2016, with its enterprise business making up $1.5 billion of the total. This would be a jump compared to its 2012 forecasted revenue for Brazil of $2 …

Vietnamese-owned Viettel, an operator with assets in Haiti and Peru, has shown interest in expanding into other Latin American markets. Viettel announced it will start operating in Peru in January 2013, approximately two years after the carrier secured a 25 MHz …

The Brazilian information and communication technology (ICT) market topped $197.56 billion in 2011, which is a growth of 10.9% over the previous year, according to a study commissioned by the Brazilian Association of Information Technology and Communication (Brasscom) for the …

In the same week that Spanish telecom giant Telefónica announced a $502 million (Bs 2.16 billion) investment in its Movistar unit in Venezuela, the Argentinian government fined it about $41.7 million (185 million pesos) for a massive service outage there …

An increase in mobile broadband connections, along with record telecom investments and smartphone penetration growth were the highlights of the Chilean wireless market in 2011. According to the latest numbers from Chile‘s secretary of telecommunications (Subtel), the telecommunications industry generated …

Eyeing the upcoming Fifa World Cup and Olympic Games, the U.S.-based location determination company TruePosition, Inc., said it is trying to establish business relationships with local government agencies to help provide reliable estimates of crowd sizes and to locate people quickly. …

Chilean Empresa Nacional de Telecomunicaciones (Entel) unveiled plans to invest $3 billion between 2012 and 2014 to focus on mobile technology. The plan comprises investments of $900 million in 2012 and includes the purchase of handsets for clients with contracts. …

Nextel Communications, owned by U.S.-based holding company NII Holdings, could lose its competitive advantage across Latin America due to delays of its 3G network deployment. Financial analysts have noted that the carrier’s 3G plans could result in the carrier becoming …

Brazilian telecom services providers, including mobile, fixed, broadband and pay-TV, invested a total of U.S.$11.81 billion (R$21.7 billion) during 2011, according to the Brazilian Association of Telecommunications (Telebrasil). The amount includes network expansion, coverage increases and service quality improvements, among other …

The Brazilian holding company EBX Group,  owned by Brazil’s richest man Eike Batista, and IBM (NYSE: IBM) have reached an agreement under which IBM will acquire a 20% stake in SIX Automação SA, an EBX Group subsidiary focused on industrial …

Vietnamese mobile network operator Viettel Group announced plans to launch operations in Peru in 2013. Viettel plans to invest about $400 million in the country over the next 10 years. Viettel currently has operations in Cambodia, Laos, Haiti and Mozambique. …

Brazil represents a key global priority and growth opportunity for Cisco (NASDAQ: CSCO). In recent years, the country’s Cisco subsidiary has been growing consistently, more than 20% each fiscal year. This could be enough to justify the company’s new investments …

Digicel Group announced it has acquired Haitian mobile operator Voilà from U.S.-based Trilogy International Partners for an undisclosed sum. The transaction closed last Friday. At least for the near term Voilà will continue to operate as a separate company from …