Posts filed under ‘TIM Brasil’
Dow Jones reports that the Brazilian market authority Commissao de Valores Mobiliarios has asked Telecom Italia’s (TI’s) controlling shareholder Telco to launch a bid on the minorities of its Brazilian unit TIM Participacoes (TIM Brasil). Telco, a holding company which includes Italian banks Intesa Sanpaolo and Mediobanca, insurance group Generali and the Benetton family, together with Spanish phone giant Telefonica, holds 24.5% of Italy’s largest telecoms operator. TI indirectly controls about 69.8% of TIM Participacoes’ share capital. TIM Participacoes has a market capitalisation of USD3.9 billion.
Brazilian mobile operator Vivo Participacoes ended 2008 with 44.9 million customers, a market share of 29.8%, up from 27.7% in 2007. According to data published by the telecoms regulator Anatel, Vivo increased its market share partly by dint of its takeover of Telemig Celular in mid-2008. Telecom Americas (Claro) took second spot with a 25.7% market share, ahead of TIM Brasil with 24.2%. The next largest player at the end of last year was the enlarged Oi (Telemar)/Brasil Telecom (BrT) entity with 29.9 million customers, or 19.5% of the total, broken down as 24.3 million for Oi (16.2%) and 5.6 million for BrT (3.7%).
As at 31 December 2008, Anatel said Brazil was home to around 150.6 million mobile connections, up 29.6 million or 24.5% when compared to end-2007. On a less positive note, mobile phone sales fell 23% year-on-year in December 2008 to just 3.6 million units, reflecting the rising impact of the global economic downturn.