GTD Begins Regional Expansion
Chilean alternative telecoms operator Grupo GTD has announced its first international acquisition. The company will acquire Colombian corporate telecoms operator Flywan, which offers data and internet services in major cities in Colombia. GTD has quickly expanded in recent years, launching mobile services and becoming one of the key competitors to incumbent Telefónica de Chile. BMI believes the acquisition is a positive step for the company as it seeks to grow its position in the regional telecoms market.
Latin American telecoms markets are dominated by two main players, Spain's Telefónica and Mexico's América Móvil. Both companies have become stronger competitors over the past two years as each has consolidated units in several markets to create single telecoms players with services in mobile, fixed-line, broadband and pay-TV services. Few other operators in the region have similar scale, making these the companies to beat.
In Chile, GTD has built a strong reputation for high-level services, being the first to roll out fibre-optic broadband to commercial clients. GTD's acquisition of Telsur in late 2009 gave it a licence for mobile services as an MVNO, which the company launched as GTD Móvil in May 2012, announcing service expansion in August. A failed merger with fellow Chilean alternative operator Entel in late 2011 has not put the company off its expansion plans.
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