Investment

Brazilian carrier Oi has reported a drop of 80% in its 2011 fourth-quarter profit. According to its financial report, the telecom operator’s net income was $77.06 million (R$ 140.7 million), a sharp drop from the $386.04 million (R$ 704.8 million) posted …

Virgin Mobile Latin America (VMLA) has secured U.S. $26.5 million in new equity funding to develop its regional business and launch mobile virtual network operator (MVNO) services in Chile. The new funding consists of equity from existing shareholders, including the …

Brazilian state-owned telecommunications provider Telebras has signed an agreement with Angola Cables to deploy a 6,000-kilometer submarine cable linking Fortaleza in Brazil to Luanda in Angola. According Telebras’s president Caio Bonilha, the goal is for the submarine cable to be …

The Copenhagen Metrosubway changed its distributed antenna system (DAS) to better meet the need for wireless coverage in stations and trains with an investment of U.S. $2 million, according to Vasko Toshev from Niras, the company which implemented the system. …

IBM Brazil said it has invested $22.85 million (R$40 million) to launch its first corporate public cloud in the country. According to José Luis Spagnuolo, cloud computing director at IBM Brazil, the investment is to prepare IBM’s data center, located …

Aruba Networks’ CEO has visited Brazil on a couple of occasions, though the frequency of those visits are expected to increase. Speaking with reporters this week, Dominic Orr said that he expects Brazil will be one of the company’s five …

Billionaire Carlos Slim Helú is set to launch an Internet TV network that will feature American television host Larry King, who has joined Helú as a co-founder of the network. Named “Ora.TV,” the digital television venture will be funded by …

Compared to the big four telecom operators competing in the Brazilian market, Algar Telecom, a division of the Algar Group that operates the CTBC brand, is a much smaller and niche carrier. However, history has shown Algar Telecom to be …

Following the launch of point-of-presence services at the 2011 Futurecom event in São Paulo, NTT America, a subsidiary of Japanese-based NTT Communications, hinted it was looking to expand its presence in the region. Though nothing has been defined, Michael Wheeler, …

The Brazilian telecommunications wholesale market could become more competitive as Colombian Internexa, which is affiliated with ISA, announced the launch of services in Brazil. Internexa said it has invested $30 million into its Brazilian operations with the goal to gain …

Latin America’s telecom sector is clearly in need of infrastructure investment. Gartner expects the Latam telecom sector to see double digit growth rates this year in traffic, demand and investments as carriers rush to meet the challenges of data and …

Brazilian ICT company Dígitro Tecnologia expanded operations and launched a subsidiary in Peru focused on providing technical support for local customers. The company noted that the new Peru operations will be based in Lima and that its the company’s first …

Intel says it will invest $80 million in its manufacturing plant in Costa Rica, this year. The investment is both to modernize equipment in order to produce 22-nanometer processors and to maintain the infrastructure of the Belén, Heredia, plant. Follow …

Brazilian telecom provider Telebras has informed the Securities and Exchange Commission it will sign a memorandum of understanding with Odebrecht Defesa e Tecnologia in order to create a company to provide voice and data services via underwater cables. The agreement …

América Móvil, which recently posted an increase in revenues and a drop in net income for its latest quarter, said it will invest up to $9 billion in its operations in 2012 as it looks to capture customers across Latin …

The two major telecom operators in Mexico – fixed Telmex and mobile Telcel -, which together generate two-thirds of industry revenue, contribute less than one third of the investments. In a recent analysis, the local consulting and market research firm …

Microsoft has invested $10 million in a tech center located in São Paulo, its second and biggest center in Latin America joining a previously launched center in Mexico City. Microsoft has tech centers in 17 countries. Microsoft said the centers …

The Paraguayan Communications Company (Copaco) launch of its Internet Protocol television (IPTV) services starts its triple play offer, which is set to be the first in the country. According to local press La Nación, total investments were about US $10 …

Colombian operator Empresa de Telecomunicaciones de Bogota has set for Jan. 19 the commercial launch of its mobile telephony services under mobile virtual network operator. ETB first started offering data services under the brand name Internet Móvil ETB in 2010, …

U.S.-based VelaTel Global Communications (previously known as ChinaTel Group) said it will continue focusing on deployments in Peru next year, according to Ryan Alvarez, VP of marketing for VelaTel in an interview with RCR Wireless News. Asked about company’s expansion …

After winning a contract in April to supply and manage an emergency services call system for El Salvador’s national police force, the Panama unit of Cable & Wireless Communications (CWC) has opened an office in the Central American country. For …

Brazil closed November with 236.1 million mobile subscribers, reaching teledensity of 120.81 connections per 100 people. Prepaid continued to account for the largest portion, 81.7%, and the trend may remain like that for a while. According to data released by …

In the same week that UNE EPM Telecomunicaciones President Horacio Vélez de Bedout submitted his resignation to the board, the government telecom announced that it has partnered with compatriot firm Enlace Operativo and Mexican company Kio Networks to develop a …

Cable & Wireless Communications’ Caribbean business Lime said today that it has launched a 100 megabits per second (mbps) residential broadband service in Jamaica, delivering speeds more than 12 times faster than the company’s previous fastest broadband service. The new broadband …

Telecom infrastructure giant American Tower (AMT) unveiled plans to purchase 2,500 towers from Telefónica’s Mexican subsidiary for about $500 million, excluding value-added tax. AMT said it has entered into definitive agreements with Pegaso PCS SA de CV and expects to …