Latin America reportedly has rich potential as a market hungry for big data and the required infrastructure, according to a report in Yahoo Finance. Telcos in the continent are expected to pour in $1.79 billion in investments toward data services and products until the year 2022.
For example, several submarine data cables are expected to start construction. These massive underwater data cables are expected to create several connections: between the U.S. and Brazil, Brazil and Angola, Brazil and Uruguay, and Brazil’s Sao Paolo and Rio. This shows how serious the wireless expansion in the region is going to be.
Yahoo Finance pointed out to investors several companies (mostly in Latin America) that will benefit most from the wireless boom.
América Móvil (NYSE:AMX)
This company is owned by Mexican billionaire Carlos Slim, the 6th richest person in the world, according to Forbes, with a net worth of $54.5 billion. America Movil’s wireless division, Telcel, was declared Mexico’s number one brand in 2016, with a value of $3.3 billion.
Robust growth is expected for América Móvil as it plans to roll out a 4.5G network in Mexico, followed by 5G in 2020. It has already invested $52 billion in Mexico’s telecom sector.
Tower One Wireless (CNX:TO; OTC:TOWTF)
Latin America reportedly needs 520,000 cellphone towers in the next three years. So far, it only has 100,000. One of the top providers about to cash in on this demand is Tower One Wireless. Cell towers provide the backbone of wireless communications so this company is set to make it big in the Latin American market.
Regal Beloit Corp (NYSE:RBC)
As mobile networks move toward greater data capacity and faster connectivity, hardly anyone asks what it takes to power these wireless networks. They need direct current or DC power systems and Regal Beloit is one of the few providers. The market for this service earned $3.9 billion in 2016 and is forecast to rise to $4.41 billion in 2021.
Other companies on the Yahoo Finance list include cellular service providers Telefonica Brasil SA (NYSE:VIV) and TIM Participacoes S.A. (NYSE:TSU). It also lists Turkish mobile provider Turkcell (NYSE:TKC) which is a blue-chip company; and Canadian Telco giant BCE Inc. (TSX:BCE).
How a simple action list can improve productivity
The ups and downs of month-to-month lease agreements
Inverted yield curve falls flat to 45 basis points
Downside risk protection: Robo-advisors platforms to check out
Teva, Eli Lilly to launch own migraine drugs to rival Aimovig
Put your money on this Daily Fantasy Sports company ahead of Soccer World Cup 2018 in Russia
Daily Fantasy Sports leader positions to take FIFA World Cup 2018 by storm
Exponential, Inc. founder, Dom Einhorn, thinks charitable fundraising is ripe for disruption
Why courtesy on social media pays off
Santiago: Quirky facts about Chile’s capital
Promoting women’s football in Malta by UEFA projects
Euro NCAP marks its 20th anniversary with two crash tests
European Parliament’s International Trade Committee backs CETA
The American Heart Association has released four new PSAs
PwC presents 20th global CEO survey results in Switzerland
Corporate Social Responsibility3 days ago
Mohawk Group eyes LEED and WELL Building Standard certificates with new showroom
Commodities3 days ago
India takes strides to boost oil production amid rising prices
Agriculture4 days ago
Animal farming industry praises vaccine bank inclusion in Farm Bill as ‘great first step’
Crypto3 days ago
European Parliament votes in favor of new blockchain resolution
Featured3 days ago
Interest rates surge; Iran nuclear deal intensifies global tension
Featured3 days ago
4 reasons to let your team work remotely
Featured3 days ago
PayPal expands in Europe with $2.2B iZettle deal
Business2 days ago
Facebook user data policy: What you need to know