Brazil Mobile-Phone Subscriptions Decline in March
02 Maio 2016 - 8:39AM
Dow Jones News
By Rogerio Jelmayer
SAO PAULO--Brazil's mobile-phone market saw a decline in
subscriptions in March, as the country's deep economic recession
damaged consumer confidence and affected the sale of new
phones.
The number of active mobile-phone users in Brazil dropped by
252,121 in March to a monthly total of 257.81 million, compared
with 258.06 million in February, government agency Anatel said.
The country's mobile-phone market was once a hot industry marked
by double-digit expansion. A combination of poor economic activity
and high inflation and interest rates, however, is discouraging
buyers, according to economists. After contracting 3.8% last year,
Brazil's economy is expected to shrink at a similar level this
year.
Telefonica Brasil SA (VIVT4.BR), also known as Vivo, which is
part of Spain's Telefonica SA (TEF.MC), and TIM Participacoes SA
(TIMP3.BR), a unit of Telecom Italia SpA (TIT.MI), remained market
leaders.
Vivo posted a market share of 28.42% in March, up from 28.39% in
February, while TIM ranked second with 26.09%, the same level seen
in the prior month.
Claro, the local unit of Mexico's America Movil SAB de CV
(AMOV), ended March with a market share of 25.32%, down from
25.36%, while Brazilian telecommunication company Oi SA (OIBR4.BR)
saw its market share stable at 18.52% in the period.
Write to Rogerio Jelmayer at rogerio.jelmayer@wsj.com
(END) Dow Jones Newswires
May 02, 2016 07:24 ET (11:24 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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