Brazil Mobile Phone Subscriptions up 0.46% in June from May

Date : 07/18/2012 @ 5:46PM
Source : Dow Jones News
Stock : America Movil, S.A.B. de C.V. American Depository Receipt Series L (AMX)
Quote : 17.615  0.155 (0.89%) @ 10:09AM

Brazil Mobile Phone Subscriptions up 0.46% in June from May

Telefonica (NYSE:TEF)
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SAO PAULO--Brazil's mobile-phone subscriptions increased again in June but at a slower pace than in the first five months of the year, according to figures released late Wednesday by telecommunications regulator Anatel.

Total mobile phone users in Brazil rose to 256.13 in June, up 0.46% from May, Anatel said. A total of 1.2 million new subscribers were signed up in June, down from the nearly 2 million new subscriptions seen in May.

Telefonica Brasil SA (VIV, VIVT4.BR), also known as Vivo, part of Spain's Telefonica SA (TEF), is the largest operator overall and saw its market share steady in the period, at 29.6%.

TIM Participacoes SA (TSU) was second with 26.9%. TIM is the local unit of Telecom Italia SpA (TIT.MI).

Claro, the local unit of Mexico's America Movil SA (AMX), ranked third with a 24.6% share, while Oi SA (OIBR) remained in fourth place with 18.6%.

Write to Matthew Cowley at matthew.cowley@dowjones.com

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