Telemar CEO Sees More M&A

There should be more M&A opportunities in the next few years for Brazilian telecom providers, Telemar CEO Luiz Eduardo Falco tells LatinFinance, though most of it will likely be smaller than his company’s pending BRL12bn purchase of Brasil Telecom. “I think the market will continue consolidating, because this is a capital-intensive industry,” Falco explains. He says infrastructure needs may be particularly challenging for smaller operators, and expects some of them to become available. “We are always looking,” he says, noting that the priority next year will be to finish buying and integrating Brasil Telecom and simplifying its shareholder structure.