Latin America-focused operator group Millicom rejected Xavier Niel’s latest buyout offer stating that it is still being significantly undervalued, and maintained shareholders should reject Niel’s bid.
News from Latin America
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- Category: Devices & Platforms
- 11720 views
The Latin American smartphone market recorded a fourth consecutive quarter of growth after being fuelled by affordable devices.
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- Category: Optical & Fixed Networks
- 88422 views
On August 8th, operations commenced at Yangtze Optics Mexico Cable S.A. de C.V. in Mexico’s Jalisco State, marking the establishment of Yangtze Optical Fibre and Cable Joint Stock Limited Company's (YOFC) first production facility in the nation.
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- Category: Operators
- 25472 views
Atlas Luxco the investment vehicle of billionaire Xavier Niel raised its offer to acquire Latin America-focused operator group Millicom to US$4.4 billion.
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- Category: Operators
- 17271 views
Liberty Latin America announced on Thursday that Liberty Costa Rica will merge with Millicom International Cellular’s Tigo Costa Rica via an all-stock deal focused on boosting investment in fibre networks in the country.
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- Category: Investment
- 17012 views
Millicom International Cellular says it has entered into a non-binding memorandum of understanding (MoU) to acquire a 67.50% stake in Colombia Telecomunicaciones (aka Coltel or Telefonica Colombia) from owner Telefonica Hispanoamerica, for approximately US$400 million.
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- Category: Optical & Fixed Networks
- 14932 views
Telecentro, a leading telecommunications operator in Argentina, has selected the cOS broadband platform from Harmonic – a company that delivers virtualised broadband and video delivery solutions – to modernise its broadband network.
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- Category: Data Centres & Networks
- 15978 views
Google’s application for its Teros data centre project in the Parque de las Ciencias free trade zone in the Canelones department in the south of Uruguay has now been approved by the country’s Environment Ministry.
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- Category: Wireless Networks
- 12244 views
Costa Rican company Radiografica Costarricense SA (RACSA, a Grupo ICE company) has claimed a 5G first in the country with the launch of 5G fixed wireless access (FWA) services on the market, supported, it says, by the country's first and only network designed for this technology.
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- Category: Regulation
- 13527 views
Brazilian telecoms regulator Anatel has expressed its disappointment at a recent decision by another government agency, the electricity-focused Aneel to, essentially, abandon plans discussed by the two regulators on the vexed topic of infrastructure sharing or, more accurately, pole sharing.
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- Category: Regulation
- 12170 views
Colombia's ICT ministry (MinTIC) has cancelled a tender to connect over 3,000 schools. However, it does seem as though the process to connect 3,082 public educational institutions for a total of COP408 billion (US$101.6 million) will reopen – in approximately one month, according to the ministry.
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- Category: Wireless Networks
- 14065 views
LORIOT, a long-range IoT solutions company, and LORATECH, an IoT technological solutions business, have joined forces in a partnership they say is set to transform the Internet of Things (IoT) landscape in Latin America.
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- Category: Operators
- 14201 views
The troubles of Brazilian service provider Oi seem to be continuing as attempts to sell off one of its businesses have run into new problems.
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- Category: Humanitarian Comms
- 33564 views
The Women in the Digital Economy Fund (WiDEF) announced on Wednesday the launch of its second competitive funding round for enterprises to develop and scale solutions that can narrow the gender digital divide in developing countries.
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- Category: Optical & Fixed Networks
- 14137 views
The Inter-American Development Bank (IDB), a source of long-term financing for economic, social and institutional development in Latin America and the Caribbean, says it has approved a US$100 million loan to Brazil's federal government to improve digital connectivity and expand fixed broadband coverage in the country.
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- Category: Operators
- 26070 views
A committee representing the board of Latin America-focused operator Millicom unanimously recommended shareholders reject Xavier Niel’s Atlas Investissement buyout offer of more than $4 billion.
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- Category: Data Centres & Networks
- 12075 views
The second Mexican data centre from Brazilian company Odata, a provider of data centre services for Latin America that is controlled by US group Aligned Data Centres, has been reported as having started operations.
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- Category: Satellite Networks
- 12900 views
Satellite networking technology, solutions and services company Gilat Satellite Networks says it has received a follow-on six-year order worth over US$10 million from Internet Para Todos (IPT) to deliver cellular backhaul services across rural areas in Peru.
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- Category: Enterprise Ecosystems
- 36366 views
DIDWW, a provider of two-way SIP trunking services to operators and businesses all over the world, says it has expanded the coverage of its virtual phone numbers to another five territories.
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- Category: Regulation
- 15586 views
If you needed a reminder of how tricky the situation regarding AI and privacy is going to be for both lawmakers and businesses from now on, one has recently come from Brazil where the country’s National Data Protection Authority (ANPD) has clearly got issues with technology giant Meta's AI privacy policy.
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- Category: Cloud & Virtualisation
- 16322 views
Latin American telecoms service provider Millicom has announced, through its Tigo Business division, what it calls a new phase in its collaboration with Amazon Web Services (AWS) to jointly continue developing the adoption of cloud services.
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- Category: Optical & Fixed Networks
- 16014 views
Some very positive connectivity news comes from the Brazil-Colombia border where it is being reported that a fibre optics cable crossing Brazil's Amazonas state is finally ready to connect the Colombian city of Leticia two years after the project to link the two countries via fibre in the shared Amazon border area kicked off.
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- Category: Wireless Networks
- 12249 views
Nokia and telecom infrastructure organization Solis Tower Telecom do Brasil have partnered to provide connectivity to agribusinesses in rural parts of Brazil.
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- Category: Vendors
- 16745 views
Nokia acquired Infinera for US$2.3 billion to increase its scale in optical networks, a move to bolster future products and improve its profit line.
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- Category: Operators
- 26085 views
Xavier Niel’s investment vehicle Atlas increased its bid for Latin America-focused Millicom too US$4.1 billion, after the Millicom board rejected its previous offer for “undervaluing” the business.
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- Category: Operators
- 11533 views
Telefonica’s Venezuelan unit Movistar announced plans to upgrade around 500 4G base stations.
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- Category: Operators
- 15433 views
Colombian operator Claro deployed the first stage of its 5G network offering fixed wireless access (FWA) broadband with vendor partner Nokia, in only four months since securing its 5G licence.
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- Category: Data Centres & Networks
- 12463 views
Brazil’s National Bank for Economic and Social Development (BNDES) has approved financing worth R$41 million (US$7.5 million) for Um Telecom, a B2B operator focused on Brazil's Northeast region, to deploy the first Tier III data centre in the State of Pernambuco.
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- Category: Business
- 16039 views
America Movil (AMX), a provider of telecommunications services across Latin America, and Liberty Latin America (LLA) ], a communications company with operations in Puerto Rico, the Caribbean and other parts of Latin America, have announced that America Movil will be consolidating the Chilean joint venture ClaroVTR into its ongoing operations.
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- Category: Wireless Networks
- 15462 views
Chile’s Movistar Empresas, the business-focused division of operator Movistar, has announced the deployment of an LTE-M network in the country, which, it says, will allow organisations of various sizes to connect their Internet of Things (IoT) devices with greater energy efficiency.
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- Category: Optical & Fixed Networks
- 14434 views
Peru-based telecoms operator Global Fiber says it has selected Brazilian fibre-optic vendor Padtec and Peruvian telecoms firm Satelital as primary suppliers for a subsea ‘festoon’ network connecting two provincial capital cities in Brazil.
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- Category: Regulation
- 15615 views
Claro Chile, a subsidiary of giant mobile network operator América Móvil, has won the second 5G tender in Chile, making it the fourth operator permitted to offer 5G services in the country.
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- Category: Satellite Networks
- 18102 views
Recent satellite internet news coming out of Latin America and India is a reminder that Starlink isn’t having things entirely its own way when it comes to satellite internet.
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- Category: Optical & Fixed Networks
- 15180 views
Only days after the news that multinational telecommunications company Digicel Group had announced that its new subsea fibre cable Deep Blue One, serving the Caribbean and the northeast tip of South America, had gone live, Infinera, a supplier of open optical networking solutions and advanced optical semiconductors, has announced that Digicel has deployed Infinera’s GX Series modular platform.
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