Tag Archives: Caribbean and Latin America

Telefónica selects Trivnet for Mobile Financial Services

Telefonica has selected Trivnet to provide Mobile Financial Services (MFS) to Telefonica’s Movistar customers in Latin America. A wide range of services, including person-to-person mobile money transfer, mobile commerce, bill payment and mobile banking will be supplied.

See the various Telefónica records in Latin Target

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America Movil sees 10% growth in subscriber base in 2009

America Movil finished 2009 with 201 million mobile customers, up by 6.6 million from September 2009 – 3.4 percent growth. Compared to end-2008, the customer base grew 10.0 percent.

In the fourth quarter, Brazil led the increase in customer numbers, with net additions of 2.1 million, followed by  a gain of 807,000 subscribers in Mexico.

America Movil, which operates under the brand names Claro and Telcel, said it saw a significant increase in postpaid additions compared to a year ago, especially in Mexico, the Dominican Republic and Chile. The company said it beat its subscriber growth target for the year thanks to a quicker-than-expected recovery in the South American economies and substantial growth in data services.

Quarterly revenues rose 13.4 percent year-on-year to MXN 107.1 billion. Services revenues increased almost 15 percent, amid a 48.7 percent jump in data revenues and a 9.3 percent rise in voice revenues. EBITDA improved 16.9 percent to MXN 40.8 billion, helping the margin rise to 38.1 percent from 37.0 percent a year earlier. Net profit fell 17.2 percent to MXN 13 billion, mainly due to higher depreciation and amortisation on GSM networks. Going forward depreciation and amortization charges will be closer to 12.5-13.0 percent of revenues, compared to 16.5 percent in the fourth quarter, the company said.

See the America Movil record in Latin Target

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Wind Telecom to launch WiMAX network in Dominican Republic

Wind Telecom in Dominican Republic announced last week that it has selected Samsung to deliver a mobile WiMAX network with plans to provide Mobile WiMAX services from the third quarter of 2010.

Initially focusing on Dominican Republics two major cities, Santo Domingo and Santiago, the installation will begin in the second quarter and  plans to roll out WiMAX to other cities in the future.

Samsung is providing an end-to-end solution including Mobile WiMAX infrastructure, terminals, training, and engineering. Wind Telecom said it will use WiMAX to complement its existing broadband and TV offering to develop a triple play service.

See the Wind Telecom record in Latin Target.

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Carlos Slim seeks to consolidate telecoms businesses

­Mexican billionaire, Carlos Slim is looking to consolidate his telecoms assets by merging his Latin American mobile arm, America Movil with the fixed line operator, Telmex Internacional, which operates telephone and cable-TV networks in Brazil, Colombia and five other South American nations.

Technically, America Movil is to launch a share-exchange offer to the shareholders of Carso Global Telecom (“Telecom”). If Telecom’s shareholders tender all their shares, America Movil would beneficially own 59.4% of the outstanding shares of Teléfonos de México (Telmex), and 60.7% of the outstanding shares of Telmex Internacional.

America Movil also announced that it will launch an offer for the exchange or purchase of of the 39.3% of Telmex Internacional that is not already owned by Telecom. Subject to completion, it is intended to delist both Telecom and Telmex Internacional in the various securities markets in which their shares are registered.

Digicel Jamaica Loses Interconnection Legal Action

­Digicel Jamaica has lost a long running legal fight over the regulatory control of interconnection rates between mobile network operators. The company had tried to argue that the Office of Utilities regulation (OUR) lacked the authority to regulate the termination rates, but lost an earlier case with the Jamaican Court of Appeal.

An appeal to the UK’s Privy Council, which acts as the highest court for Jamaica has now upheld the earlier ruling.  

The Office of Utilities regulation can now step in to settle interconnection rates between the mobile networks. 

The ruling agreed that the law required that each operator is obliged to offer interconnection with other telecoms networks, but that the lack of price regulation meant that an operator could de-facto block interconnection by imposing excessive pricing.

See the Digicel Group record in Latin Target.

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