Brazilian wireless carriers Oi and Vivo gain most, while Millicom and Iusacell post the weakest results.
BY CHRONICLE STAFFBrazilian wireless carrier Oi gained the most while Mexico‘s Iusacell lost the most, according to the latest Latin Wireless Index from Latin Business Chronicle, The index, which measures the quarterly performance of Latin America‘s top 10 wireless operators, gained 20.75 percent. It used data for the fourth quarter 2009 compared with the same quarter a year earlier. The combined quarterly revenues for the ten operators was $24.1 billion compared with $20.0 billion a year earlier. In the case of America Movil, Telefonica, TIM and Millicom, only their Latin American wireless revenues are included.Mexico-based America Movil, Latin America‘s top wireless carrier, saw quarterly revenues grow 16.9 percent to $7.7 billion. Spain-based Telefonica, its nearest rival, posted a weaker result – gaining 11.7 percent to $5.4 billion, according to a Latin Business Chronicle analysis of the companies’ earnings statements.Vivo, Brazil‘s top wireless operator and the third-largest overall in Latin America, outperformed the two foreign giants. Its quarterly revenues jumped 36.9 percent to $3.5 billion. Meanwhile, TIM Brasil, a unit of Italy‘s TIM, gained 29.5 percent to $2.7 billion.US-based NII Holdings also did well, gaining 24.8 percent to $1.2 billion. Meanwhile, Telecom in Argentina and Entel in Chile posted …
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