Tag Archives: Investment

Chile's ENTEL Plans on Investing $2.2 Billion Into Region by 2015

Telecoms, , , , ,

Entel ChileOne of Latin America’s most successful telecoms, Chile’s Empresa Nacional de Telecomunicaciones (ENTEL) has announced plans to invest $2.2 billion into regional development over the next two years, in an effort to boost both its mobile and fixed-line telephone businesses. This will be a bold move for ENTEL, which posted revenues of $2.9 billion in 2012, and are looking to smash critics by taking major steps into securing their piece of the LatAm telecommunications market.

ENTEL Chile made waves earlier this year after purchasing the highly coveted Nextel de Peru from NII Holdings for $400 million. With Nextel de Peru, as well as this new investment strategy, the company has set their goals high, aiming at market dominance only once held by groups like Carlos Slim’s America Movil, or Spanish giant Telefonica.

Though details have been sparse, the company has stated that a key part of this investment plan will be to enhance its 3G network, as well as introducing a new 4G network into the region in the next 18 months. And while the investment will be mostly financed in cash by ENTEL, they are also prepared to supplement funding by taking on some debt if necessary.

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China Plans $2 Billion Latin American Investment via IADB

Finance, , , , ,

China Invests via IADBAccording to a recent report by Reuters, China plans on investing roughly $2 billion to back various projects in Latin America and the Caribbean, both in the public and private sector. As an intermediary for China’s funding, Inter-American Development Bank (IADB) will execute the projects, according to a statement released by the organization this past Saturday.

By all accounts, the Chinese contribution is a substantial one, with the People’s Bank of China planning to co-finance up to $500 million in IADB public sector loans, and as much as $1.5 billion in private sector credit. According to the IADB, this will all become available over the next three to six years, stating that the ultimate goal of the fund will be to “alleviate poverty and boost competitiveness.”

On their side of the deal, China has already invested tens of billions of dollars into countries such as Mexico and Argentina over the last ten years, as well as investing into a number other projects in the region. Their primary goal has been to acquire strategic assets or companies in valuable regional sectors like as minerals, energy companies, and even food products. This new injection of capital comes as great news for IADB, which looks to use it as a stepping-stone to help bridge the poverty gap, as well as stimulate an already growing regional economy.

This past March, the IADB along with China’s export-import bank announced a joint $1 billion dollar investment fund for the region to be used for public and private sector investments, demonstrating a clear desire to connect with various prominent institutions all across the continent. Using March’s investment as a blueprint, both parties are confident that this latest round of investment will not only be fruitful for them, but also help build an economic foundation for the region that will pay dividends for many years to come.

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Mexican tycoon Carlos Slim looking at oil in Colombia

Energy, Finance, Resources, , , ,
Mexican billionaire Carlos Slim said he is looking towards Colombia’s oil industry, as the world’s richest man boosts infrastructure investments outside his home country.
“We are looking at opportunities in other countries that look interesting to us. In Colombia we know that there has been a lot of investment. The government is actively looking at the development of the oil industry and is promoting other investments,” Slim said in an interview with Bloomberg television aired on Thursday.
Colombia has experienced a boom in oil and mining investment since a 2002 U.S.-backed crackdown against leftist rebels. A flood of new players has emerged to take advantage of government policies meant to attract fresh cash.
The South American nation is also the world’s No. 5 coal exporter, but a series of mining explosions that killed dozens of workers over the last year have prompted calls for stricter government oversight at a time when Colombia’s mining sector is enjoying a mini-boom.
Colombia said on Wednesday it could extend a suspension of new requests for mining concessions for up to one year due to the recent accidents in the industry.
Ranked the world’s richest man by Forbes magazine, Slim spun off shares of his miner Frisco last month, betting on future demand for metals such as copper and gold as commodities prices around the world soar.
“I think the prices of primary products in the next years will have a bigger demand by a population that is getting out of poverty and is getting involved in the market,” Slim said in the interview, held in New York.
Frisco has said it will continue searching for more exploration land as it starts operations at five of its existing mines across Mexico during 2011 and 2012.
Slim told reporters two weeks ago that he is funneling 10 billion pesos into Frisco this year and another 13 billion pesos more into his infrastructure firm Ideal.
The entrepreneur also owns Swecomex, which provides engineering and platform construction services for the oil industry in Mexico, with state-run giant Pemex a key client. However, Slim has stayed away from costly and labor intensive deep water exploration in the Gulf of Mexico.
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Telefonica to invest USD $2.77 billion in Brazil in 2010

Uncategorized, , , ,

Telefonica SA  plans to invest 5 billion Brazilian reals ($2.77 billion) in Brazil this year in both fixed-line and mobile telecommunications, the company’s Latin America head Jose Maria Alvarez Pallete said Wednesday.

In a meeting with journalists and business leaders, Pallete added that Telefonica had invested a total of EUR90 billion in all of Latin America since it began operations in the region in the 1990s.

Telefonica owns Brazilian fixed-line operator Telecomunicações de São Paulo S.A. (Telesp) and shares control of mobile operator Vivo Participacoes SA with Portugal Telecom.

In 2009, Telefonica invested BRL3.4 billion in Brazil.

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