View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
March 19, 1997updated 05 Sep 2016 1:07pm

BELLSOUTH ACQUIRES TELECOM IN ECUADOR

By CBR Staff Writer

BellSouth Corporation announced Tuesday it has taken a 61% stake in OTECEL SA, an Ecuadorian wireless telephone company which serves more than 30,000 customers, or just over half of the country’s market share. BellSouth acquired its majority stake by purchasing all of the shares of the company’s two largest shareholders. Financial terms were not disclosed. This deal comes fast on the heels of BellSouth’s acquisition of 49% of Telefonica Celular de Nicaragua, announced Friday. With this latest purchase, BellSouth currently has operations in eight Latin American countries.

Content from our partners
Green for go: Transforming trade in the UK
Manufacturers are switching to personalised customer experience amid fierce competition
How many ends in end-to-end service orchestration?

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU