Telmex to invest USD570 million in Brazil in 2006

16 Feb 2006

Mexican telecoms behemoth Teléfonos de México (Telmex) says it will invest USD570 million in its Brazilian network in 2006, part of a total spend of USD2.13 billion set aside by the regional operator. Telmex owns Brazilian long-distance operator Embratel, while its mobile arm América Móvil controls the mobile network operator Claro.

In a separate story, the Brazilian telecoms regulator Anatel has published preliminary figures showing that mobile phone ownership reached 87.5 million at the end of January 2006, up 31% year-on-year and 1.3 million higher than the figure recorded at end-December. Not surprisingly the latest monthly gain was well down on the 3.96 million registered in December, traditionally the busiest period of the year. The latest findings reinforce analyst predictions that the Brazilian mobile market will slow down as operators focus on improving profit margins rather than subscriber growth.

Brazil, Claro Brasil (incl. Embratel & NET Servicos)