Financial Times FT.com

Vivo seizes lead in Brazilian telecoms

By Jonathan Wheatley in São Paulo

Published: August 3 2007 19:42 | Last updated: August 3 2007 19:42

Vivo, the Brazilian mobile phone operator, Friday bought two smaller operators, marking a further step in the consolidation of the country’s hotly contested telecommunications sector.

It also represents a victory in the struggle for domination of the industry between Telefónica of Spain – which shares control of Vivo with Portugal Telecom – and Telmex and América Móvil, both controlled by Carlos Slim, the Mexican billionaire entrepreneur.

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