Grupo Novator the new owner of Nextel Chile will go to market under the new name WOM starting next month. The CEO of the company will be Chris Bannister, as was announced five months ago when the group purchased the Chilean operator from NII Holdings.
The company reported that “the great challenge will be to revolutionize the industry, delivering to Chileans what they really want. We know that they are frustrated with the current operators, that is why we will surprise them with our service, quality, speech and personality.”
Digicel has completed its acquisition of Bermuda Telephone Company (BTC). But the telecommunications company is keeping the details of the deal, including how much it paid for BTC, close to its chest.
The drop in revenue growth and margin in traditional telecom services has led Latin American operators to seek opportunities to provide new services and business solutions for verticals. The low value-added level of connectivity offers associated with end-user needs has also been a trigger for telcos, which are willing to monetize new opportunities through fresh business models. In light of that, operators consider mobile financial services as one of the future’s most promising revenue streams, evidenced by the creation of specialized business units for the service within telcos. Indeed, Brazil’s four major telcos – Vivo, Claro, Oi and TIM – have all partnered with banks, and other stakeholders, to provide mobile payment services.
Speaking at the Mobile 360 Latin America event, Martin Wessel, Head of Technology Evolution at Telecom Argentina (Personal), highlighted “five practical ways to reduce network investment, and this may help make this 4G business a sustainable one”.