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Brazil March Mobile Phone Subscriptions Up 1.3% From Feb

04/18/2012 | 10:32am US/Eastern

Brazil's mobile-phone subscriptions increased to 251 million in March, up 1.3% from February, according to figures released Wednesday by telecommunications regulator Anatel.

New subscriptions in March totaled 3.2 million.

Telefonica Brasil SA (VIV, VIVT4.BR), also known as Vivo, remained the market leader in March with a 29.81% share. Vivo is controlled by Spain's Telefonica SA (TEF, TEF.MC).

TIM Participacoes SA (TSU, TIMP3.BR) was second with a 26.80% share of the market. TIM is the local unit of Telecom Italia SpA (>> Telecom Italia S.p.A.).

Claro, the local unit of Mexico's America Movil SA (AMX, AMOV, AMX.MX), ranked third with 24.56% of the market.

In fourth place, mobile-phone operator Oi SA (OIBR, OIBRC, OIBR4.BR), captured 18.53% of the market.

-By Rogerio Jelmayer, Dow Jones Newswires; 55-11-3544-7071; rogerio.jelmayer@dowjones.com

Stocks mentioned in the article : Telecom Italia S.p.A.
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