Latin American countries will postpone wireless spectrum auctions and mobile carriers will put network expansions on hold as the economic damage from the terrorist attacks against the United States trickles down south of the border.
That’s the prediction market researcher and consultancy Pyramid Research Inc. made in a report issued last Wednesday.
Before the Sept. 11 attacks against the World Trade Center in Manhattan and the Pentagon, near Washington, D.C., Latin America already was going through a period of economic uncertainty that had telecommunications investors feeling nervous. Argentina, Chile and Colombia have been in an economic slump for several years, while the region’s two economic powerhouses – Brazil and M