July 26, 2016 5:02 PM ET

Wireless Telecommunication Services

Company Overview of Claro S.A.

Company Overview

Claro S.A. is engaged in the implementation, operation, and provision of mobile telecommunications services in Brazil. It offers local and long distance telephony, subscription and prepaid mobile telephone, pay TV, Internet and data, and multimedia communication services; and sells mobile handsets and tablet PCs. The company offers its products and services to individuals and corporations through its stores and Website. Claro S.A. was formerly known as BCP S.A. The company was founded in 1992 and is headquartered in São Paulo, Brazil. Claro S.A. is a subsidiary of Claro Telecom Participações S.A.

Rua Flórida, 1970

São Paulo, SP 04565-001

Brazil

Founded in 1992

Phone:

55 11 9415 6555

Fax:

55 11 3579 6892

Key Executives for Claro S.A.

Chief Executive Officer
Age: 45
Chief Finance Officer
Age: 61
Chief Sales and Retail Officer
Compensation as of Fiscal Year 2016.

Claro S.A. Key Developments

Claro Brasil Expands 4G LTE Footprint in Marlia in Sao Paulo State

Claro Brasil has activated a 4G LTE network in the city of Mar­lia in Sao Paulo state. This is the 97th locality in Claro's geographic area to receive the carrier's 4G LTE network and the 31st in Sao Paulo state alone. The technology is available to clients of any plans and modalities prepaid, postpaid or control. Customers in the city will also be able to join Claro's Internet Turbinada, which offers free access to WhatsApp, Facebook and Twitter.

Claro Brasil Expands National 4G LTE Coverage to 93 Municipalities

Claro Brasil has expanded its national 4G LTE coverage to 93 municipalities, just five fewer than that of market leader Vivo. Claro activated the first 4G network in the Rio de Janeiro state city of Petropolis. The locality also became the third in the area that uses area code 24 and the seventh in the state to receive Claro's 4G.

Vodafone Looking To Buy One Of Brazil's Top 3 Carriers

Vodafone Group Public Limited Company (LSE:VOD) is said to be considering acquiring one of Brazil's top three mobile carriers, Brazilian paper O Estado de S. Paulo reported. The top three operators are Telefonica's Vivo Participacoes S.A., America Movil's Claro S.A. or Telecom Italia'sTim Brasil Serviços e Participações S.A., which each hold over 20% of the local market. The most likely candidate for a buyout is TIM Brasil, which has been the subject of rumors of a sale by Telecom Italia for several months. According to the reports, Vodafone is not interested in participating in Brazil's mobile telephony sector through the acquisition of 4G licenses in the upcoming 700MHz auction, as expected by the government, but instead through the acquisition of companies.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 14, 2015
Blue Interactive Group (Brasil) Investimentos e Participações S.A.
 

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