Latin America

iberia IAG

Iberia (IAG) will focus on Latin America in 2023, after strengthening its position in 2022 in the US

Link Securities | Ibera, integrated in the holding IAG, will focus on growth in Latin America in 2023, after strengthening its position this year in the US, and as it waits for the opening up of the Asian market, according to the daily Expansión. Latin America is the strategic market for the airline, where it is the leader in the corridor with Europe, with a market share of 19% in…


Brazil

Latin America Has The Cleanest Electricity Mix In The World

Crédito y Caución (Atradius) | Latin America is a frontrunner in the energy transition. It has the cleanest electricity mix in the world. But it is mainly focusing on hydropower, which is susceptible to altering rain cycles. The region has huge potential in other sources of green energy, such as sun, wind and geothermal generation. To remain a leader in clean electricity and achieve net zero emissions in 2050 it…


LatinAmerica Covid19

Latin America: Heavy Dependence On Informal Labour And Tourism Exacerbates The Covid-19 Shock

Crédito y Caución (Atradius) | Of all emerging market regions, Latin America and the Caribbean (Latam) has been most affected by the Covid-19 pandemic, both in terms of infection and death rates, and regarding the impact on its economy. The outlook is highly uncertain and weighted down by growing fears of a new wave of infections. Rising prospects of multiple Covid-19 vaccines are definitively hopeful. However, the vaccine rollout is expected to move more slowly in the Latam region compared to advanced markets due to smaller vaccine orders so far relative to population and more logistical challenges. Therefore the economic benefits from the vaccine are expected to manifest first through the improving external environment as rollout across advanced markets boosts trade, commodity prices and external financing flows.


MOVISTAR

After selling Nicaragua (390 M€, NFD -1%) Telefonica leaves Central America

Banc Sabadell | Telefonica (TEF) confirmed last week the sale of its subsidiary in Nicaragua for 390 M€ and so completes the sale of all its activities in Central America for a total of 2.052 M$/reduction of debt by 1.4 M€ (7.4x OIBDA 2018 vs our valuation of 6/7x for all the subsidiaries). The Spanish telco will reduce its net financial debt by 1% with this operation.

 



The possible consolidation of European telecoms drives the sector-and Telefonica-upwards

The Consolidation Of European Telecoms Drives The Sector-And Telefonica- Upwards

The European Commission authorise the merger in Holland between Tele2 and Deutsche Telekom without preconditions , which drove the European teleco sector yesterday. Until now the Commission had shown itself radically opposed to allowing corporate operations which imply a reduction from four to three in the number of operators in a country.




Telefonica

Telefonica Bails Out Colombian Affiliate

Telefonica has informed the Stock Market Regulator (CNMV) that it has reached an agreement with the Colombian government to hike capital for a total of €1.840 billion at its affiliate operating in the country, which is one of the main ones in the group. The reason for the capital increase is the debt the parent company has with the company which manages the pension funds.