Higher Investments in 3G Networks Opens up the Market for Mobile Services in Latin America, Finds Frost & Sullivan

Higher Investments in 3G Networks Opens up the Market for Mobile Services in Latin America, Finds Frost & Sullivan PR Newswire SAO PAULO, July 11, 2012 - Innovative voice and data services to offset restraints due to regulatory delays and market saturation SAO PAULO, July 11, 2012 /PRNewswire/ -- Superior coverage and quality of mobile broadband services and the deeper penetration of smart devices are compelling mobile operators in Latin America to provide value-added services. To keep pace with the demands of data traffic generated by smart devices, operators are increasing capital expenditure on 3G network expansion and bandwidth capability. New analysis from Frost & Sullivan (http://www.wireless.frost.com), Latin America Mobile Services Market Outlook I, 2011, finds that the market earned revenues of $79.56 billion in 2011 and estimates this to reach $112.97 billion in 2017 at a compound annual growth rate of 6.0 percent, mainly driven by the increasing relevance of mobile broadband and value added services. If you are interested in more information on this research, please send an email to Francesca Valente, Corporate Communications, at francesca.valente@frost.com, with your full name, company name, title, telephone number, company email address, company Web site, city, state and country. Some operators in Argentina, Brazil, Chile, Colombia, and Mexico have already upgraded their networks to 3.5G, while others are conducting trials of 3.5G and 4G.