SAO PAULO (Reuters) -Local units of America Movil, Telefonica, Telecom Italia and a number of local firms spent well over a billion dollars on Thursday in order to scoop up valuable spectrum dedicated to fifth-generation (5G) wireless technology in Brazil.
SAO PAULO Shares in Brazilian food retailer GPA soared on Friday after it announced a deal to sell 71 of its stores for up to 5.2 billion reais ($949 million) to Assai, whose stock plunged.
MEXICO CITY/SAO PAULO (Reuters) -Automotive production in Brazil and Mexico, Latin America's two largest economies, plummeted in September, dragged down by an industry-wide semiconductor chip shortage and railroad blockades in Mexico, data showed on Wednesday.
SAO PAULO (Reuters) -Brazil's government has scheduled an auction of fifth generation (5G) mobile spectrum for Nov. 4, with expectations that it will raise around 10 billion reais ($1.87 billion) based on the minimum bids allowed, government officials said on Friday.
SAO PAULO Automaker's plants in Brazil have reached a "production ceiling" after the first five months of the year, below pre-pandemic levels, due to a shortage of computer chips, the South American nation's automakers association said on Tuesday.
SAO PAULO (Reuters) -Lojas Americanas SA will transfer its assets to fellow Brazilian retailer B2W under a stock transaction agreement approved by both companies' boards, according to filings on Wednesday.
SAO PAULO Brazil on Wednesday auctioned 22 airports, raising 3.3 billion reais ($593.11 million), with the largest group of airports won by infrastructure company CCR , part of a wave of privatizations that the government is pushing.
DETROIT/SAO PAULO Ford Motor Co said on Monday it will close its three plants in Brazil this year and take pretax charges of about $4.1 billion as the COVID-19 pandemic amplified the company's under use of its manufacturing capacity.