American Tower Corporation (ATC), the biggest wireless tower player in Latin America, fell short of its deployment target for the region in 2023. The Massachusetts-based towerco had planned to deploy around 300 towers in Latin America, out of a total of 4,000 worldwide. However, ATC ended the year with only 210 towers built in the region, according to its latest operations and financial report.
Despite this setback, the company reported 1.9% year-on-year LatAm property revenue growth in Q4 to US$435mn, and 6.3% in the full year to US$1.80bn. The region is ATC’s second biggest revenue-generating geography after the US & Canada. The expected churn for this year relates mainly to contract cancellations and lease renegotiations following telco consolidations in Latin America, notably the acquisition of Oi’s mobile business.
News in: ICT (Brazil)
- Brazil aims to auction 5G frequencies in 2021.
- 4G connectivity is widespread in Brazil.
- Major telecom providers are testing 5G services.
- Brazil’s government is investing in 5G network infrastructure.
Other Companies in: ICT (Brazil)
In addition to the companies previously mentioned, Brazil’s information and communication technology (ICT) industry is home to several other notable players. These companies include:
- Oi: Oi is a Brazilian telecommunications company that provides fixed-line and mobile services, broadband internet, and digital television. The company has a significant presence in Brazil and is one of the country’s largest telecommunications providers.
- Telefónica Brasil: Telefónica Brasil, also known as Vivo, is a subsidiary of the Spanish telecommunications company Telefónica. The company provides fixed-line and mobile services, broadband internet, and digital television to customers in Brazil.
- América Móvil: América Móvil is a Mexican telecommunications company that operates in several Latin American countries, including Brazil. The company provides fixed-line and mobile services, broadband internet, and digital television to customers in Brazil.
- AT&T: AT&T is an American multinational telecommunications company that operates in several countries, including Brazil. The company provides fixed-line and mobile services, broadband internet, and digital television to customers in Brazil.
- Millicom: Millicom is a Swedish telecommunications company that operates in several Latin American countries, including Brazil. The company provides fixed-line and mobile services, broadband internet, and digital television to customers in Brazil.
These companies, along with the ones previously mentioned, play a significant role in Brazil’s ICT industry and contribute to the country’s overall economic growth. With the increasing demand for digital services and technologies, these companies are expected to continue expanding their operations and investing in new technologies to meet the needs of their customers.