Telecoms news from Venezuela

Telefonica Takes $585 Million Charge Following Venezuelan Currency Devaluation

Spain's Telefonica has taken a EUR 438 million (US$585 million) hit to its 2012 financial results following a sharp devaluation of the Venezuelan currency. ...more.

Movistar Plans Half Billion Dollar Investment in Venezuela

Movistar Venezuela has announced plans to invest Bs2.3 billion (US$535 million) upgrading its network during 2012. ...more.

Ceragon Networks to Supply Microwave Backhaul to Telefonica

Ceragon Networks says that Telefonica has selected it as one of its global microwave backhaul vendors. ...more.

Venezuela to Start Blocking Stolen Mobile Phones

Mobile network operators in Venezuela have been ordered to start blocking stolen and lost phones within three months following an instruction from the telecom regulator, Conatel. ...more.

Venezuela to Boost Mobile Phone Production

The Venezuelan government has said that it plans to increase mobile phone production at the state-owned company, Vtelca to 2 million units this year. ...more.

Latin American MVNO Revenues to Exceed $140 Million by 2015

MVNOs in Latin America are expected to generate revenues in excess of US$140 million by 2015, with Colombia and Venezuela leading the region, reports Signals Telecom Consulting. ...more.

Mobile Penetration Levels Minimize New Operator Potential in Colombia, Mexico and Venezuela

Signals Telecom Consulting has published a report into the MVNO market in Latin and Southern America, which notes that in markets such as those of Colombia, Mexico and Venezuela, ...more.

Venezuela Market Penetration Level Passes 100%

The number of mobile connections in Venezuela stood at 26.67m at the end of Q3 08, with penetration edging over 100% during the quarter to finish on 100.6% ...more.

Venezuela's Movilnet Deploys Amdocs Billing to Support New GSM Network

Movilnet, the largest mobile provider in Venezuela and a wholly-owned subsidiary of CANTV, and Amdocs have announced the deployment of Amdocs Billing to support Movilnet's new, nationwide, GSM network. ...more.

Siemens settlement reveals bribes in Latin America

The German company Siemens has acknowledged paying millions of dollars in bribes to secure business in Venezuela and Argentina. ...more.

Telefónica Considering Shut Down of Brazilian CDMA Network

Telefonica has outlined plans to spend upwards of US$17-$20 billion on its Latin American networks over the next five years - and plans to shut down its CDMA networks eventually. ...more.

Venezuela-Russia ties deepen despite US pressure

Venezuela and Russia are strengthening their strategic alliance with new plans to cooperate on oil production, weapons and even wireless technology, the governments said as two visiting Russian Tu-160 bombers left for home on Thursday. ...more.

Brazil, Mexico and Venezuela tops in Latin America for mobile Web usage

Brazil, Mexico and Venezuela lead Latin America in adoption of the mobile Web according to the latest "State of the Mobile Web" report issued by Opera Software. Google leads the way in most countries, followed by some of the most popular social-networking sites. ...more.

DragonWave Wins Venezuelan WiMAX Contract

DragonWave has announced that Omnivision has standardized on it for licensed-frequency wireless backhaul as it expands its WiMAX service offering into markets across Venezuela. ...more.

Intec Wins Venezuelan Interconnection Services Contract

Intec, a global provider of business and operations support systems (BSS/OSS), has signed a contract with Venezuelan GSM operator, Corporación Digitel, for its Intec Interconnect solution suite. ...more.

Mobile WiMAX Expansion in Venezuela

Venezuela based Omnivision has concluded a commercial contract with South Korea's POSDATA FLYVO for the largest scale deployment in Latin America to expand mobile WiMAX service coverage in Venezuela. ...more.

Cantv expects to launch GSM in May

Venezuelan state-owned telco Cantv expects to launch its GSM mobile telephony overlay in May 2008, government news agency ABN reported company president Socorro Hernández as saying. ...more.

Tax agency fines Movistar US$4.9mn

Venezuela's tax agency Seniat has fined telecoms operator Movistar, owned by Spanish giant Telefónica, 10.6bn bolívares (US$4.9mn) for failure to pay certain taxes, Seniat said in a statement. ...more.

Venezuela invests US$140mn in satellite project in Jan-Sep

Venezuela's government invested US$140mn in its satellite project Simón Bolívar in the first nine months of 2007 of the expected US$240mn, local telecoms regulator Conatel said in a statement. ...more.

Venezuela proposes to hold operators responsible for SMS content

Venezuela's telecoms regulator Conatel launched this week a public consultation on a reform bill that proposes to hold mobile operators accountable for the content sent in text messages via their networks, the watchdog said in a statement. ...more.