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Wood Group to provide O&M for Statoils Peregrino development, offshore Brazil

2015-09-23 01:00:00| Offshore Technology

Wood Group has been selected to provide four-year operations and maintenance for Statoil's Peregrino development in offshore Brazil.

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Telecom Italia needs to review Brazil strategy - CEO

2015-09-22 09:01:00| Telecompaper Headlines

(Telecompaper) Telecom Italia will be reviewing its strategy in Brazil in a forthcoming board meeting due to the worsening economic situation in the country, according to CEO Marco Patuano. "For our Brazil unit, we are focused at the moment on organic investments but we need to review the strategic plan since the situation in Brazil worsened a lot," said Patuano at a recent event, according to Bloomberg. Brazil currently generates nearly 30 percent of the Italian operator's revenue through its ownership of around two-thirds of TIM Brasil, the South American country's number two mobile operator, valued at around USD 5.1 billion. Telecom Italia also plans to use the meeting to review its strategy for mobile tower unit Inwit, for which it is seeing "strong interest", according to Patuano.

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Brazil Pork Sales to Eastern Europe Growing in 2015

2015-09-22 02:00:00| ThePigSite - Industry News

BRAZIL - Brazilian exports of pork between January and August this year totalled 340,800 tons. The number, according to surveys of the Brazilian Animal Protein Association (ABPA) is 4.4 per cent higher than in the same period of 2014, when 326,500 tons were shipped.

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Telecom Italia to review Brazil strategy

2015-09-22 02:00:00| Total Telecom industry news

Recession reportedly gives CEO Marco Patuano pause for thought.

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Telecom Italia rethinking Brazil strategy amid recession

2015-09-22 01:44:03| Telecom - Topix.net

The Brazilian recession is forcing Telecom Italia to review strategy , CEO Marco Patuano says, as tides have turned in the country that provides nearly 30% of TI's revenue. In January, Patuano said TI would invest "much more" in Brazil after meeting with the communications minister, and in February the company said it would put more than $3.6B into the country.

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