Sagem targets Latin America

22 Oct 2003

Equipment vendor Sagem has said that it expects to sell one million handsets in Latin America this year, just 18 months after launching in the region. The company estimates that regional revenues for 2003 will top USD100 million, rising to USD300 million within two years. Sagem’s Latin American business currently relies largely on the region’s largest cellco, Mexico’s Telcel, and the vendor is looking to expand by targeting the other subsidiaries of Telcel’s parent, América Móvil . In anticipation of a surge in growth Sagem plans to open a new production facility in the Brazilian region of Manaus early next year and is also building factories in Mexico and Argentina.