Latin 500: Which 50 Latam Tech Companies Made This Year’s List?

The Latin Business Chronicle has released this year’s Latin 500, a list of the top 50 technology companies in Latin America.

Many of the usual suspects appeared on the list, including América Móvil, Telmex, Movistar and Nextel. However, a few appearances, as well as changes, are worth noting.

Telefónica strengthens in Brazil, Latam. Telefónica boasted a strong showing, its branches in Spain, Brazil, Peru, Colombia and Argentina making the cut. The Spanish corporation has made important gains in Latin America as of late, relying on the region to make up for some of the ground lost in Europe’s flailing economy. What’s more, with its startup-focused branch Wayra, it is snatching up innovation and talent to fuel its growth. Need proof? Just look at Telefónica Brazil, which increased its revenues by 64% over a one-year period – and opened the doors of Wayra Academy São Paulo in July.