Vodafone is interested in investing in the Brazilian market, but only if the right opportunity arises. Speaking to the Portuguese newspaper, Diario Economico, Vodafone's CEO Arun Sarin and Portugal CEO, António Carrapatoso discussed the local market and the advantages that having an existing Portuguese operation could bring to the company if it did expand in Latin America.
"The key is to find the right opportunity. It is very easy to sit us and say we want to buy something. But someone has to be willing to sell and that has an interesting asset for us." said Arun Sarin.
"As a business, we are constantly looking for opportunities around the world. And we are becoming larger and stronger in emerging markets. Approximately 20% of our revenue... comes these emerging markets. That is a huge increase - from zero a few years ago."
Commenting on possible plans, António Carrapatoso noted that "from time to time, Vodafone looks to the Brazilian market and I have participated in many of these studies." However, he noted that none of the studies suggested an investment - at that time.
Source:http://www.cellular-news.com/
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