Brazilian telecoms
Get off the line
Portugal Telecom and Spain’s Telefónica squabble over Brazil
May 20th 2010 | paris
May 20th 2010 | paris
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The name of the América Móvil arm in Brazil is "Claro".
It is very interesting to see how this battle turns out. This re-enforces the Global trend of state playing a larger role in influencing asset ownership in important infrastructures areas like Telecom, Railways, Airlines, Oil and other resources.
It's one thing to be a part of BRIC, growing fast and promoting investments and quite another to encourage state/national interests by backing up local companies against foreign incumbents( and partners in this case).
If anyone would like to learn more about emerging market telecoms, we wrote a report on them at Kerrisdale Capital: http://kerrisdalecap.com/?page_id=617&pid=12
Sir,
I think it would be worth saying that Telefonica is the indirect major sahreholder of Telecom Italia, which in turn owns Tim Brasil. Indeed, when there was a rumor of a possible bid of Carlos Slim on Telecom Italia, Telefonica acquired a controlling stake in Telecom Italia along with italian financial institutions.