E-commerce and the Telecommunication Sector in Brazil

E-commerce and the Telecommunication Sector in Brazil
According to the U.S. Department of Commerce, Brazil boasts the most advanced Internet and e-commerce industry in Latin America and the fifth largest telecom infrastructure worldwide. This is due to privatization of Brazilian telecom services and associated advancements. between 1998 when the Brazilian telecom system was privatized, and the year 2000, telecom investments advanced an average of 1.36% GNP per year, a rate well above both Brazilian and Latin American historical levels. Thus, in record time the privatization of the Brazilian telecom system succeeded in revolutionizing the national communications industry, which in turn promoted national development of e-commerce.
http://www.ibls.com/internet_law_news_portal_view.aspx?s=latestnews&id=1706

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