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Telefónica S.A. reports telecommunications developments tied to mobile coverage, wholesale connectivity and business internet services in Latin America. Company news has included the launch of Helium Mobile Hotspots in Mexico with Nova Labs, where Telefónica customers can connect through existing SIMs and offload mobile data to the Helium Mobile Network in selected markets.
Coverage also includes Telefónica Global Solutions, the Telefónica subsidiary responsible for international wholesale, global roaming, multinationals and U.S. businesses. Its partnership activity has addressed satellite internet distribution for businesses in Brazil through wholesale channels that extend connectivity where terrestrial service is limited.
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Viasat (NASDAQ: VSAT) and Telefónica Global Solutions (NYSE: TEF) have partnered to expand high-speed satellite internet access to businesses across Brazil. This collaboration allows Telefónica to be a wholesale distributor of Viasat's services, targeting areas lacking terrestrial internet. Data shows that internet use among Brazilian businesses rose during the pandemic, but many remain underserved. Viasat aims to enhance its offerings with next-gen satellite technology, ViaSat-3, set to launch in 2022, promising higher speeds and more capacity.