Brazil’s telecoms industry contributed 6.2% of GDP in 2007

30 Jul 2008

Brazil’s telecommunications sector has increased its share of Brazil’s GDP from 3.2% to 6.2% since the industry was privatised in 1998, according to BNamericas citing a report by local newspaper O Estado de S Paulo. The online journal writes that investments in the country’s telecoms industry between 1998 and 2007 amounted to BRL141 billion (currently USD89.6 billion), excluding the sums spent on licences at the time of privatisation, meaning that an average BRL14 billion per annum has been invested in the last decade, compared to an average BRL5.6 billion a year between 1994 and 1997. The report adds that the number of active fixed lines in Brazil jumped to 39.4 million by December 2007, up from 20 million in 1998, while mobile telephony subscriptions soared from 7.4 million to 133.2 million in the same period.