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News 19

Telefonica Brasil in Talks to Sell Network Space to Virgin

Telefonica Brasil SA (VIV) is in talks to sell network capacity to Virgin Mobile as it seeks to tap Brazil's wireless reseller market, which it forecasts will grow to 30 million subscribers in five years.

Virgin Mobile, a unit of U.K. billionaire Richard Branson's Virgin Group Ltd. (1044Q), is one of 30 companies in negotiations with Telefonica Brasil, said Victor Czarnobay Jr., Telefonica's wholesale director, in an interview from Sao Paulo yesterday.

Telefonica Brasil, a division of Spain's largest telephone company, wants its network to be the host for more than 50 percent of subscribers to wireless resellers, Czarnobay said. Resellers, or mobile virtual network operators, buy capacity from wireless carriers and resell it to subscribers.

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Source - http://www.businessweek.com/

 

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