What to expect from the Latin American Mobile Market in 2009
As mobile operators finish completion of their budgets for 2009 and approach the holiday season, vendors anxiously await what will be one of the toughest years since the telecom downturn from the late 90's/2000. An interesting insight into what to expect for 2009 comes from Marc Beuls, President and CEO of Millicom, who presented to investors at the Morgan Stanley 8th Annual Technology, Media and Telecoms Conference in Barcelona just a week ago. Mr Beuls’ presentation has been posted on Millicom’s website at www.millicom.com and includes updated information on expected capital expenditures, cashflow and margins (see press release here ). Millicom continues its impressive growth with outstanding results; it reports a 71% in Honduras from Q3 07, 39% in Guatemala and 29% in El Salvador. Millicom operates in Latin American markets that are still growing but has gained market share from its main competitors in Central America, America Movil and Telefonica Movistar. Millicom is now the ...