Brazil January Mobile Phone Subscriptions Up 1.22% From December

Date : 02/16/2012 @ 5:02AM
Source : Dow Jones News
Stock : Telefonica Brasil, S.A. Ads (VIV)
Quote : 14.41  0.14 (0.98%) @ 4:02PM

Brazil January Mobile Phone Subscriptions Up 1.22% From December

Telefonica Brasil, S.A. Ads (NYSE:VIV)
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Brazil's mobile-phone subscriptions increased to 245.2 million in January, up 1.22% from December, according to figures released Thursday by telecommunications regulator Anatel.

New subscriptions in January totaled 2.9 million.

Telefonica Brasil SA (VIV), also known as Vivo, remained the market leader in January with a 29.73% share. Vivo is controlled by Spain's Telefonica SA (TEF).

TIM Participacoes SA (TCSL4.BR) was second with a 26.56% share of the market. TIM is the local unit of Telecom Italia SpA (TIT.MI).

Claro, the local unit of Mexico's America Movil SA (AMX.MX), ranked third with 24.78% of the market.

In fourth place, mobile-phone operator Tele Norte Leste Participacoes SA (TNE), or Oi, captured 18.62% of the market.

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

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