Table of Contents Executive Summary 2 Market value 2 Market value forecast 2 Market volume 2 Market volume forecast 2 Category segmentation 2 Geography segmentation 2 Market share 2 Market rivalry 2 Market Overview 7 Market definition 7 Market analysis 7 Market Data 9 Market value 9 Market volume 10 Market Segmentation 11 Category segmentation 11 Geography segmentation 12 Market share 13 Market Outlook 14 Market value forecast 14 Market volume forecast 15 Five Forces Analysis 16 Summary 16 Buyer power 17 Supplier power 19 New entrants 21 Threat of substitutes 23 Degree of rivalry 24 Leading Companies 26 America Movil, SA DE C.V. 26 Oi S.A. 30 Telefonica, S.A. 33 TIM Participacoes SA 38 Macroeconomic Indicators 41 Country data 41 Methodology 43 Industry associations 44 Related MarketLine research 44 Appendix 45 About MarketLine 45

List of Tables Table 1: Brazil wireless telecommunication services market value: $ million, 2013-17 Table 2: Brazil wireless telecommunication services market volume: million number of subscribers, 2013-17 Table 3: Brazil wireless telecommunication services market category segmentation: $ million, 2017 Table 4: Brazil wireless telecommunication services market geography segmentation: $ million, 2017 Table 5: Brazil wireless telecommunication services market share: % share, by volume, 2017 Table 6: Brazil wireless telecommunication services market value forecast: $ million, 2017-22 Table 7: Brazil wireless telecommunication services market volume forecast: million number of subscribers, 2017-22 Table 8: America Movil, SA DE C.V.: key facts Table 9: America Movil, SA DE C.V.: key financials ($) Table 10: America Movil, SA DE C.V.: key financials (MXN) Table 11: America Movil, SA DE C.V.: key financial ratios Table 12: Oi S.A.: key facts Table 13: Oi S.A.: key financials ($) Table 14: Oi S.A.: key financials (BRL) Table 15: Oi S.A.: key financial ratios Table 16: Telefonica, S.A.: key facts Table 17: Telefonica, S.A.: key financials ($) Table 18: Telefonica, S.A.: key financials (€) Table 19: Telefonica, S.A.: key financial ratios Table 20: TIM Participacoes SA: key facts Table 21: TIM Participacoes SA: key financials ($) Table 22: TIM Participacoes SA: key financials (BRL) Table 23: TIM Participacoes SA: key financial ratios Table 24: Brazil size of population (million), 2013-17 Table 25: Brazil gdp (constant 2005 prices, $ billion), 2013-17 Table 26: Brazil gdp (current prices, $ billion), 2013-17 Table 27: Brazil inflation, 2013-17 Table 28: Brazil consumer price index (absolute), 2013-17 Table 29: Brazil exchange rate, 2013-17List of Figures Figure 1: Brazil wireless telecommunication services market value: $ million, 2013-17 Figure 2: Brazil wireless telecommunication services market volume: million number of subscribers, 2013-17 Figure 3: Brazil wireless telecommunication services market category segmentation: % share, by value, 2017 Figure 4: Brazil wireless telecommunication services market geography segmentation: % share, by value, 2017 Figure 5: Brazil wireless telecommunication services market share: % share, by volume, 2017 Figure 6: Brazil wireless telecommunication services market value forecast: $ million, 2017-22 Figure 7: Brazil wireless telecommunication services market volume forecast: million number of subscribers, 2017-22 Figure 8: Forces driving competition in the wireless telecommunication services market in Brazil, 2017 Figure 9: Drivers of buyer power in the wireless telecommunication services market in Brazil, 2017 Figure 10: Drivers of supplier power in the wireless telecommunication services market in Brazil, 2017 Figure 11: Factors influencing the likelihood of new entrants in the wireless telecommunication services market in Brazil, 2017 Figure 12: Factors influencing the threat of substitutes in the wireless telecommunication services market in Brazil, 2017 Figure 13: Drivers of degree of rivalry in the wireless telecommunication services market in Brazil, 2017 Figure 14: America Movil, SA DE C.V.: revenues & profitability Figure 15: America Movil, SA DE C.V.: assets & liabilities Figure 16: Oi S.A.: revenues & profitability Figure 17: Oi S.A.: assets & liabilities Figure 18: Telefonica, S.A.: revenues & profitability Figure 19: Telefonica, S.A.: assets & liabilities Figure 20: TIM Participacoes SA: revenues & profitability Figure 21: TIM Participacoes SA: assets & liabilities