The number of mobile-telephony subscribers grew 59 per cent in 2000 in Latin America to 60 million compared with 1999, which means that 15.6 per cent of people in the region used cellular phones by the end of last year, up from 10 per cent in 1999, according to market researcher Yankee Group Inc. in Boston.
Global One, a global provider of telecommunications services to large corporations, announced on Tuesday the opening of its first Internet hosting centre in Latin America. The centre will be located in Sao Paulo, Brazil, and will provide a variety of services to companies interested in using the Internet for business.
America Online Latin America Inc. (AOLA) soundly beat analysts' expectations when it posted a pro-forma loss of US$101.8 million, or $0.35 per share, for the quarter ending Dec. 31, 2000, the company announced on Wednesday. Four analysts polled by First Call/Thomson Financial had predicted a mean loss per share of $0.42.
AT&T Latin America Corp., a broadband services provider to Latin American businesses, in 2000 doubled its number of multinational clients in the region and exceeded its network expansion goals.
Providers of telecommunications services in Latin America are hungry for capacity in international fibre-optic networks, because demand for Internet, data transmission and long-distance services continues to increase in the region. This is opening the door for companies that build undersea pan-regional networks to carry international traffic and that sell capacity in their networks to other carriers.