LBC’s quarterly wireless index shows strong growth for Chile’s Entel.
Latin America’s top nine wireless providers saw combined revenues of $32.3 billion in the second quarter of this year – an increase of 1.5 percent over the same quarter last year. Mexico’s AméricaMóvil, controlled by billionaire Carlos Slim, made up more than a third of the region’s wireless revenues alone – with $13.2 billion. But it was Chile’s Entel and Spain’s Telefónica that saw the highest rates of growth.
Entel – the growth leader of the index – saw revenues up 11.5 percent to $782 million. Julian Watson, Senior Manager of Electronics and Media at IHS Global Insights says the company’s strong growth owes to increases in the company’s number of postpay customers, and a growing number of data plan sales. Postpay customers now make up 32 percent of all subscribers, says Watson, and half of those also subscribe to a data plan. Watson says the company has also benefited from regulations introduced in Chile in early 2012 that allow mobile users to keep their phone number when switching carriers.
Telefonica meanwhile, owner of a carrier of the same name as well as Movistar, also saw a 7.3 percent increase in revenues, to nearly $7 billion. This makes the company the second largest after AméricaMóvil. Watson says the company’s performance was mixed. In its largest market, Brazil, the company reported a 3 percent decline in revenues, while in its second-largest market, Venezuela, revenues were up …
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