CORRECT: Brazil August Mobile Phone Subscriptions Up 1.67% From July

Date : 09/26/2011 @ 11:12AM
Source : Dow Jones News
Stock : Tele Norte Leste Participacoes S.A. Common Stock (TNE)
Quote : 10.99  0.0 (0.00%) @ 2:05AM

CORRECT: Brazil August Mobile Phone Subscriptions Up 1.67% From July

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Brazil's mobile phone subscriptions increased to 224 million in August, up 1.67% from July, according to figures released over the weekend by telecommunications regulator Anatel.

New subscriptions in August totaled 3.7 million.

Telecomunicacoes de Sao Paulo SA (VIV), or Vivo, maintained market leadership in August, with a 29.54% share. Vivo is controlled by Spain's Telefonica SA (TEF).

TIM Participacoes SA (TCSL4.BR) was in second place with a 25.99% market share. TIM is the local unit of Telecom Italia SpA (TIT.MI).

Claro, the local unit of Mexico's America Movil SA (AMX.MX), was in third place with a 25.36% market share

In fourth-place, mobile-phone operator Tele Norte Leste SA (TNE, TNLP4.BR), or Oi, with a 18.78% share.

-By Rogerio Jelmayer, Dow Jones Newswires; 55-11-3544-7071; rogerio.jelmayer@dowjones.com

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