Brazil’s largest cable television company, Globo Cabo, announced it plans to acquire Net Sul, the country’s second-largest cable television provider. Globo Cabo already owns 10% of Net Sul, and is […]
Category: Brazil
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IdeiasNet Lists Locally
Turbulence on Nasdaq has prevented many capital-hungry Latin American Internet companies from raising capital on the equity markets. However Brazil’s IdeiasNet, an incubator with 17 companies in its portfolio, has […]
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Itaú To Take Stake In AOL
Brazil’s second-largest private bank, Banco Itaú, plans to purchase a 12% stake in AOL Latin America. Itaú will buy shares when AOL Latin America goes public on Nasdaq, acquiring 6% […]
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Telmex and Bell Canada To Build Brazilian Network
Teléfonos de México (Telmex), Latin America’s largest telephone company, is venturing into the Brazilian telecommunications market through a $3.5 billion alliance with Bell Canada. Telmex plans to build a high-speed […]
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A Commanding Lead
The bulge bracket banks of New York and European wannabes have taken control of Brazilian high finance. But local firms cannot be discounted as big-ticket state privatizations wind down.
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Bookseller Deal in Brazil
Espiral.com, the largest retailer of Spanish-language books, has acquired Brazil’s Canalcompras.com to expand its market share. Livrarias Nobel, one of Brazil’s largest bookstore chains, created and later spun off Canalcompras.com. […]
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BellSouth Buys Brasilia Cellular Network
BellSouth paid $229 million for 16.5% of TeleCentroOeste Celular Participacoes, a Brazilian regional cell phone network that covers the capital Brasilia. BellSouth, which already operates BCP, one of two cell […]
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Car Makers Expand in Latin America
Nissan, the French-Japanese car company, will build its first Brazilian assembly plant in the southern city of Curitiba where Renault, its partner, already builds cars. Most of the world’s largest […]
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Constructing Credit
Demand for technology and power supplies in Latin America is luring banks back to the project finance market. Lenders are still cautious, but prospects in Brazil and Mexico look more favorable.
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French Oil Firm Expands Latin Holdings
TotalFinaElf, the French oil group, will pay Transcanada Pipelines about $440 million for its minority stakes in natural gas pipelines in Argentina, Chile and Brazil. The pipelines form an interconnected […]