Brazil's Vivo Still Leads Mobile Market, Claro Catches TIM
Published on: 18th Sep 2008
Note -- this news article is more than a year old.
SAO PAULO (Dow Jones) Vivo Participacoes still leads the Brazilian mobile phone market with a 31.1% share of subscriptions in August but Claro caught up with TIM Participacoes to share second place, with each registering a 25.1% share, according to figures released by telecommunications regulator Anatel.
The number of mobile phones in circulation in Brazil totaled 138.4 million at the end of August, up 2.2% from July. Net additions in the month were 3.0 million.
Vivo is jointly owned by Spain's Telefonica and Portugal Telecom; TIM is the local unit of Telecom Italia; and Claro is the local unit of Mexico's America Movil.
-By Alastair Stewart, Dow Jones Newswires; 5511 2847-4520; firstname.lastname@example.org
(END) Dow Jones Newswires