Spanish mobile telecom Movistar, a unit of Spanish wireless telecom Telefonica Moviles, plans to invest $155 million in Argentina this year. The number of the mobile telephone calls in Argentina increased 78 percent in 2004, while the number of active handsets increased 46 percent. Movistar has a 43 percent market share in the country.
Category: Daily Brief
Posted inDaily Brief
Brazil’s Real Strengthens
The Brazilian real rose to a five-week high Wednesday on expectations that record exports will sustain the fastest economic expansion in a decade and boost demand for the local currency. The real ended the day at 2.60 to the dollar. The currency has gained 4.7 percent since Finance Minister Antonio Palocci on March 28 raised his 2005 export forecast to $112 billion, 17 percent above last year’s record.
Posted inDaily Brief
Octavio Ornelas, CFO, Pemex confirmed to speak at the LatinFinance/IDB “Latin American Borrowers’ & Investors’ Forum 2005”
LABIF is a high-level, invitation-only summit where representatives of Latin American issuers — directors of public credit, central bank governors and the senior management of leading corporate issuers — can engage in detailed discussion and debate with major institutional investors, analysts, advisers and representatives of the rating agencies. To apply for an invitation please click here.
Posted inDaily Brief
Flashback
The first issue of LatinFinance appeared in October 1988 and we are using our 15th anniversary as an excuse to revisit some of the more significant events in the markets over the last 15 years. For better or for worse, the markets and economies of Latin America have been through a lot over the years. This is how LatinFinance reported the news and events at the time.
Posted inDaily Brief
The Shock of the New
The Internet is threatening to sweep away established market structures. It promises to change forever the way companies raise capital, the way investment banks work and how capital markets operate.