TIM Brasil launches VoLTE; Vivo boosts 4G coverage; Nextel stake sale concludes

25 Jul 2017

Brazilian wireless giant TIM Participacoes (TIM Brasil) has announced that it has switched on what it claims is ‘Latin America’s first voice-over-LTE (VoLTE) service’, in Brasilia. Going forward, the service will be introduced in Rio de Janeiro, Recife, Fortaleza, Natal, Maceio and Uberlandia, while all 700MHz LTE markets will receive VoLTE access by end-2017.

Elsewhere in Brazil, Telefonica-backed Vivo has announced that it has launched LTE networks in 295 new municipalities, meaning its 4G networks are now present in 1,500 cities nationwide.

Finally, AINMT Holdings has successfully closed all conditions to complete the USD50 million acquisition of a 30% stake in Nextel Brasil, from Nextel Holdings (a wholly-owned subsidiary of NII Holdings). Going forward, AINMT has the option to invest an additional USD150 million in the company by 15 November 2017. If the option is exercised, AINMT’s total USD200 million new equity investment would result in a 60% controlling stake in the Brazilian company.