Brazil Mobile Phone Subscriptions Rise 19.36% In 2011

Date : 01/17/2012 @ 5:17AM
Source : Dow Jones News
Stock : Tele Norte Leste Participacoes S.A. Common Stock (TNE)
Quote : 10.99  0.0 (0.00%) @ 2:05AM

Brazil Mobile Phone Subscriptions Rise 19.36% In 2011

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Brazil mobile phone subscriptions rose to 242.2 million in 2011, up 19.36% from the previous year, according to figures released Tuesday by telecommunications regulator Anatel.

New subscriptions totaled 39.3 million in 2011, compared with 28.98 million additions in 2010, Anatel said.

Telecomunicacoes Brasil SA (VIV), also known as Vivo, remained the market leader in 2011 with a 29.54% share. Vivo is controlled by Spain's Telefonica SA (TEF).

TIM Participacoes SA (TSU) was second with a 26.46% share of the market. TIM is the local unit of Telecom Italia SpA (TIT.MI).

Claro, the local unit of Mexico's America Movil S.A.B. de C.V. (AMX.MX) ranked third with 24.93% of the market.

In fourth place, mobile-phone operator Tele Norte Leste Participacoes SA (TNE), or Oi, captured 18.78% of the market in 2011.

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




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