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Consolidating control. (Panorama).


Brasilcel, the recently formed joint venture between Spain's Telefonica Moviles and Portugal Telecom Portugal Telecom (Euronext: PTC, NYSE: PT) is the biggest telecommunications operator in Portugal. It operates mainly in Portugal and Brazil. It also has a significant presence in Morocco, Guinea-Bissau, Cape Verde, Mozambique, Timor-Leste, Angola, Kenya, the People's Republic , began 2003 with a bang. The company signed an agreement with Brazilian holding company Fixcel to acquire a 61% stake in mobile operator Tele Centro Centro (Portuguese and Spanish for center) may refer to:

Places:
  • Centro, one of the regions of Portugal
  • Centro (NiterĂ³i), a neighborhood of NiterĂ³i in Brazil
  • Centro, Porto Alegre, a neighborhood of Porto Alegre in Brazil
 Oeste (TCO (1) (Total Cost of Ownership) The cost of using a computer. It includes the cost of the hardware, software and upgrades as well as the cost of the inhouse staff and/or consultants that provide training and technical support. See ROI. ), which operates in Brasilia and the mid-western and northern regions of Brazil Brazil is currently divided in five regions, by the Instituto Brasileiro de Geografia e Estatistica (IBGE). These divisions are composed by states with similar cultural, economical, historical and social aspects, and although through the scientific point of view information given by this . The transaction, valued at US$430 million, will be completed through the joint venture's subsidiary Telesp Celular Participacoes. With the acquisition of TCO, Brasilcel's operations will have coverage in the country's major cities and will obtain a 54% market share in mobile operations.
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Title Annotation:Brasilcel acquires stake in Tele Centro Oeste
Comment:Consolidating control. (Panorama).(Brasilcel acquires stake in Tele Centro Oeste )
Author:Diaz, Oscar
Publication:Latin Trade
Article Type:Brief Article
Geographic Code:3BRAZ
Date:Apr 1, 2003
Words:95
Previous Article:Calling it off. (Panorama).(AT and T sells Latin American subsidiary)(Brief Article)
Next Article:CHILE issued US$1 billion in bonds. (Panorama: Chile).(Brief Article)
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