China Telecom, the country’s largest fixed-line carrier by sales, is targeting the Brazilian market, as Chinese groups expand their interests beyond the resources sector in Latin America’s largest economy.
China Telecom and an affiliate, China Comservice, are setting up offices in São Paulo to provide internet, data and outsourcing services in a bid to establish a foothold ahead of Brazil’s hosting of the soccer World Cup in 2014 and the Olympic Games two years later.
“We serve the Chinese enterprises that are coming and making investments in Brazil and in Latin America,” said Luis Fiallo, managing director of China Telecom Americas, adding the group also wanted to target local and multinational companies in Brazil.
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