Dialing into Earnings for Brazilian Wireless
We assess the Brazilian wireless sector's quarterly performance so far.
Now that Vivo (VIV) and Claro ( America Movil's (AMX) Brazilian unit) have reported fourth-quarter results, we pause to take stock of the Brazilian wireless sector's earnings season. Given the ever-changing economic and competitive landscape of the country, we thought it worthwhile to examine some of the key performance indicators that we've witnessed thus far for the fourth quarter of 2009.
On the macro front, Brazil once again has things going in the right direction. Over the course of the past year, unemployment in Brazil has gone from multiyear highs to a multiyear low.
Imari Love does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.