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Brazil March Mobile Phone Subscriptions Up 1.3% From Feb

Date : 04/18/2012 @ 10:46AM
Source : Dow Jones News
Stock : Telefonica, S.A. (TEF)
Quote : 14.22  -0.12 (-0.84%) @ 4:12PM
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Brazil March Mobile Phone Subscriptions Up 1.3% From Feb

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Brazil's mobile-phone subscriptions increased to 251 million in March, up 1.3% from February, according to figures released Wednesday by telecommunications regulator Anatel.

New subscriptions in March totaled 3.2 million.

Telefonica Brasil SA (VIV, VIVT4.BR), also known as Vivo, remained the market leader in March with a 29.81% share. Vivo is controlled by Spain's Telefonica SA (TEF, TEF.MC).

TIM Participacoes SA (TSU, TIMP3.BR) was second with a 26.80% share of the market. TIM is the local unit of Telecom Italia SpA (TIT.MI).

Claro, the local unit of Mexico's America Movil SA (AMX, AMOV, AMX.MX), ranked third with 24.56% of the market.

In fourth place, mobile-phone operator Oi SA (OIBR, OIBRC, OIBR4.BR), captured 18.53% of the market.

-By Rogerio Jelmayer, Dow Jones Newswires; 55-11-3544-7071; rogerio.jelmayer@dowjones.com



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