Abertis Interested In Moving Into Brazilian Mobile Tower Market
News: Spain-based conglomerate Abertis is said to be considering plans to move into the Brazilian mobile telecoms tower market, reports Telegeography. VP of finance at Abertis, Jose Aljaro admitted that the company recently tried to acquire about 2,000 towers owned by Brazil-based Oi SA but did not succeed. Jose added the company sees Brazilian mobile market, in particular, as an ideal business opportunity and said Abertis is ready to consider any company that is interested in selling towers.
BMI View: The first half of 2013 have seen Brazil's telecoms markets make another significant step forward following the launch of the first 4G LTE services, while supplementing these offerings with value-added services such as M2M and m-commerce. That these launches occurred at the same time as a slowdown in the overall subscription growth rate of the mobile market is symbolic of the shift occurring as the market matures. Brazil has a high mobile penetration rate, but with MVNOs set to enter the market in 2013 we expect growth to continue over the medium term. However, it will be at a slower pace compared with 2011 and 2012, as operators push into the last remaining untapped rural areas.