Edition:
India

Gabriela Mello

Brazil carrier Oi to raise $2 billion by selling non-core assets to focus on FTTH

16 Jul 2019

SAO PAULO Brazilian telecom carrier Oi SA disclosed on Tuesday a new strategic plan aiming to divest up to 7.5 billion reais ($2 billion) in non-core assets and focus on its fiber-to-home (FTTH) broadband service.

UPDATE 2-Brazil carrier Oi to raise $2 bln by selling non-core assets to focus on FTTH

16 Jul 2019

SAO PAULO, July 16 Brazilian telecom carrier Oi SA disclosed on Tuesday a new strategic plan aiming to divest up to 7.5 billion reais ($2 billion) in non-core assets and focus on its fiber-to-home (FTTH) broadband service.

Sweden's Ericsson sees Brazil switching on 5G network by early 2021

12 Jul 2019

SAO PAULO, July 12 Swedish telecoms equipment maker Ericsson expects Brazil to switch on its fifth-generation (5G) network by early 2021, several months after a spectrum auction set for March next year, a top executive told Reuters.

Huawei says Brazil on target with 5G tests, but falling behind neighbours

10 Jul 2019

SAO PAULO China's Huawei Technologies Co Ltd expects to lead 5G development in Brazil, but sees some challenges for the country to catch up with other Latin American markets in deploying the ultrafast service, an executive told Reuters.

Brazil malls firm Iguatemi sees lower revenue growth amid sluggish economy

06 Jul 2019

SAO PAULO, July 5 Brazilian upscale mall operator Iguatemi Empresa de Shopping Centers SA has delayed removing the discounts it gave to retailers during a recession, making 2019 growth targets tougher to reach, its chief financial officer said on Thursday.

Brazilian e-commerce firm B2W tests drones to tackle logistics challenges

05 Jul 2019

SAO PAULO Brazilian retailer B2W Companhia Digital SA is testing the use of drones to transport products from its distribution centers and hubs to its stores, in a push to gain efficiency and tackle the country's complicated logistics and security issues.

Brazil's GPA taps Microsoft to test 'Amazon Go'-like technologies

28 Jun 2019

SAO PAULO Brazilian food retailer GPA SA plans to open its first store to test technologies such as facial recognition and "scan & go" shopping by year-end, following in the footsteps of parent company Casino, which opened a checkout-free store in Paris last November.

Brazil court slashes fine for Facebook's refusal to share WhatsApp data

26 Jun 2019

SAO PAULO Facebook Inc's fine for withholding WhatsApp messages from a drug-trafficking investigation in Brazil should be reduced to 23 million reais ($6 million), a Brazilian federal appeals court ruled on Tuesday.

Delivery startup Rappi partners with Visa to offer pre-paid cards in Brazil

20 Jun 2019

SAO PAULO Delivery startup Rappi is partnering with Visa Inc to offer a prepaid card linked to its digital wallet in Brazil, expanding the product's rollout from Mexico and Colombia, where Rappi was founded, executives from the two companies told Reuters.

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