AT&T to Expand Reach in Brazil
What: AT&T will invest in the mobile sector in Brazil.
Why it matters: Telcom firms are already in a tight competition in Latin America, and particularly in Brazil.
According to Brazilian newspaper O Globo, AT&T is planning to increase investments in Brazil by entering the mobile sector using 700MHz spectrum, which is set to be auctioned by the country’s regulator later this year.
The US operator already has a significant presence in Latin America with mobile operations in Mexico, as well as pay-TV units in Argentina, Chile, Colombia, Ecuador, Peru, Uruguay, Venezuela, Mexico, and Brazil, where it already owns Sky.
Its majority stake in Sky Brazil already gives AT&T access to a significant potential customer base. However, it would still face a stiff challenge as a new entrant in the competitive Brazilian mobile market where four main rivals already have huge user bases: Vivo (75 million connections), America Movil's Claro (60 million connections), Telecom-owned TIM (also 60 million connections), and Oi (39 million connections).