Brazil Telecom: Market to Approach 100-Billion-Dollar Mark by 2017

Brazil’s telecom market is on the up and up.

According to Frost & Sullivan, the telecommunications services market in the country is expected to reach US$99.42 billion in revenues by 2017 – nearly 100 billion dollars. In 2011, the sector brought in revenues of US$73.08 billion, so hitting this 2017 projection would imply a compound annual growth rate of 5.3%.