TIMB TIM SA

By Rogerio Jelmayer

SAO PAULO--Brazil's mobile-phone market suffered a sixth monthly decline in subscriptions in November, as country's deep economic recession damaged consumer confidence and affected the sale of new phones.

The number of active mobile-phone users in Brazil dropped by 4.2 million in November to a monthly total of 269.59 million, compared with 273.79 million in October, government agency Anatel said.

The country's mobile-phone market was once a hot industry marked by double-digit expansion. A combination of poor economic activity, high inflation and interest rates, however, is discouraging buyers, according to economists. After a projected contraction of 3.7% last year, Brazil's economy is expected to contract 3% this year, according to economists.

Telefonica Brasil SA (VIVT4.BR), also known as Vivo, which is part of Spain's Telefonica SA (TEF.MC), and TIM Participacoes SA (TIMP3.BR), a unit of Telecom Italia SpA (TIT.MI), remained market leaders.

Vivo posted a market share of 29.49% in November, up from 29.01% in October, while TIM ranked second with 25.70%, down from 26.26%.

Claro, the local unit of Mexico's America Movil SAB de CV (AMOV), ended November with a market share of 24.99%, down from 25.22%, while Brazilian telecommunication company Oi SA (OIBR4.BR) increased its market share to 18.25% from 17.98%.

Write to Rogerio Jelmayer at rogerio.jelmayer@wsj.com

(END) Dow Jones Newswires

January 13, 2016 05:42 ET (10:42 GMT)

Grafico Azioni TIM (NYSE:TIMB)
Storico
Da Nov 2024 a Dic 2024

Grafico Azioni TIM (NYSE:TIMB)
Storico
Da Dic 2023 a Dic 2024