Telefonica Leads Growth

Wireless growth slows down compared to first half.

BY LBC STAFF

Spain-based Telefonica continues to outperform its wireless peers in Latin America, according to the latest Latin Wireless Index from Latin Business Chronicle.

The index measures the quarterly performance of Latin America's top wireless operators. In the case of Telefonica, Mexico-based America Movil, Italy-based TIM and Luxembourg-based Millicom, only their Latin American wireless revenues are included. The index uses revenues figures converted to US dollars.

The latest Latin Wireless Index grew 16.2 percent compared to the third quarter a year earlier. That marks a slowdown compared to the second quarter growth of 26.5 percent and first quarter increase of 22.1 percent. 

Telefonica again leads the way, as it did in the first and second quarters. This time, the carrier boosted revenues by 39.3 percent. 

Latin Wireless Index (3Q 2011)