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Brazilian telcos lose 36.3% and Mexican telcos lose 50.7% of market value

  • November 11th, 2008
  • 7:12 am

Brazil’s eleven telcos lose their 36.3% of market value since last year, a study by a Brazilian research firm. According to the study, on November 6, the telcos’ markt value slided to $35.6bn compared to $55.8bn at end-2007.
Country’s largest fixed line operator Telesp, Telefonica unit, was worth $10.6bn on November 6, losing nearly $2.35bn of its market value since end-2007.
Vivo saw the most drastic decline fiscally, from US$8.86bn at 2007-end, to US$3.80bn on November 6. TIM fell from US$9.05bn to US$4.05bn, while Oi was down to $4.77bn from $9.12bn.
Brasil Telecom dived from $7.45bn to $6.88bn, while Embratel slipped from $386mn to $3.43bn. Telemig Celular fell from $1.01bn to $533mn, GVT’s worth was $1.32bn in contrast with US$2.56bn, Tele Norte Celular slided from to US$165mn, Telebrás’ value was off US$215mn at US$41mn and Inepar’s market cap lost US$29mn to stand at US$7mn.

The Mexican telcos were a step further in comparison to the Brazilians, as they lost nearly 50.7% of their overall market value from $148bn at end-2007 to $72.9bn on November 6.
Even though America Movil was worth $55.5bn on November 6, more than the value of all Brazilian telcos together, lost a considerable market value of $51.4bn since 2007-end.

   

Telemig Cellular completes a share buy back programme worth $550 million (Brazil)

  • August 19th, 2008
  • 1:48 pm

Telemig Cellular, Brazilian mobile operator, and it’s parent Telemig Celular Participacoes, have reportedly completed the share buy back programme, the reason being the facilitation of the passing of control of both companies to fellow telecoms operator Vivo.
The two companies have purchased a total of BRL903 million (USD550 million) worth of shares.
The parent company bought back 5.7 million ordinary shares of the total 6.2 million shares in circulation, priced at BRL126.25 per share. Meanwhile, Telemig Celular repurchased 78,104 ordinary shares, of the 96,229 in circulation, at BRL2,192 each.