Overall revenue for Latin America's ISP (Internet service provider) market throughout the region grew 22 percent, reaching a total of US$1.41 billion in 1999, according to a recent study by International Data Corp. (IDC) Latin America.
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Economic slumps in Latin America -- in particular the devaluation of Brazil's currency -- have affected Nortel Networks Corp.'s sales in the region in the first half of this year, but the company says that business is picking up.
When it reported its otherwise positive second-quarter earnings several weeks ago, Nortel said in a statement that revenues in its Caribbean and Latin America (CALA) region were in a slump and had affected its revenue growth outside the U.S. and Canada.
"The 32 percent growth outside Canada and the United States was driven by significant increases in both Europe and Asia Pacific, partially offset by a decline in CALA," Nortel said in that statement.