Top 20 Latin American Telecommunication Companies: Mixed economic landscape during 2024

Most Latin American telecom companies experienced a decline in revenue from 1Q to 2Q 2024. Notably, Telefônica Brasil, Claro Telecom, and TIM showed negative growth in revenue, with reductions of 6.9%, 7.5%, and 6.8% respectively. However, companies like V.tal Rede Neutra and Megacable Holdings displayed resilience, with V.tal showing a 21.9% increase.América Movil saw a slight increase in profit, achieving a 0.9% growth from 1Q to 2Q. Telefônica Brasil and Telecom Argentina faced reductions in profit, with Telefônica Brasil down by 7.5% and Telecom Argentina by 3.0%. Oi continued to struggle with profitability, showing a major downturn in 2Q 2024, moving from a small profit in 1Q to a significant loss in 2Q, indicating ongoing financial instability.The full ranking includes [ ] To read this post, you must purchase a Business Intelligence Subscription, Business Intelligence - 3 to 9 User Subscription, Business Intelligence - 10+ User Subscription, Insight - 1 Month Subscription, Insight - 3 Month Subscription, Insight - 6 Month Subscription, Insight - 12 Month Subscription, Suscripción de inteligencia de negocios, Inteligencia de negocios - Suscripción de 3 a 9 usuarios or Inteligencia de negocios - Suscripción de más de 10 usuarios. The post Top 20 Latin American Telecommunication Companies: Mixed economic landscape during 2024 appeared first on Latin Trade.

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