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Brazil

telefonica vivo

Ibex, Markets 31st July 2020

Telefonica Joins Forces with TIM And Claro To Buy Oi, A Deal Aimed At Defending Its Leadership Position In Brazil

Spanish telecommunications’ giant Telefonica, together with Italy’s TIM and Mexico’s Claro, have tabled a 2.706 billion euros joint offer for the assets of Brazil’s Oi, the fourth largest telco in Brazil. This bid is 10% over the minimum auction price of 2.5 billion euros required by the company. Telefonica is market leader in Brazil with a share of 33% followed by TIM and Claro, with 24% each.

Telxius

Ibex 15th May 2019

Telefonica Brasil did not correctly reflect incentives in its registers

Alphavalue | Telefonica´s poor figures for Q119 traded with falls of 31%. Sales of 11.98 Bn€ › 11.81 Bn€ estimated by the consensus. Our analysts highlight that the operator improved income in all the geographic areas where it is present, especially in Spain and Brazil, its two main markets.

iberdrolaTC

Ibex 10th April 2019

Iberdrola issues bonds in Brazil

Bankinter | Iberdrola is preparing a bond issuance in Brazil. The Spanish company’s aim is to secure financing for its Brazilian subsidiary’s new investments. Among these investments, the adjudication of network projects valued at €1.380 billion stands out.

Brazil elections: Whoever wins, debt reigns

World economy 27th October 2018

Brazil Elections: Whoever Wins, Debt Reigns

Jair Bolsonaro, a right-wing populist, is the favourite candite to become Brazil’s next president against Fernando Haddad, the nominee of the Workers’ Party. Polls point Bolsonaro is ahead by 11 points. In this context, Brazilian public debt is at 77% at present. This is what analysts at AXA IM say about Brazilian’s “explosive” public debt issue.

2018 Brazil elections are taking place in a particularly challenging environment

World economy 6th October 2018

Brazil Elections: A Difficult Race In A Difficult Context

On Sunday  7 October, all Brazilians between the ages of 18 and 70 are being called to the polls to elect their next President .”This is an important election because the future administration will have the responsibility to tackle Brazil’s growing fiscal imbalances, and this will require challenging structural reforms”, analysts at AXA IM say.

Banco Santander

Ibex, Markets 24th April 2018

Santander Q1’18 net up 10% at €2.054 bn, buoyed by Brazil

Santander clocked up a 10% year-on-year rise in first quarter net profit to 2.054 billion euros, beating forecasts for 2.01 billion euros in a Reuters poll. The results were driven by strong growth in its largest market, Brazil. But its operations in Mexico and Spain also boosted group performance.