Mobile Phones in Venezuela - New Market Report
Despite reports showing of BlackBerry's expansion plans, the company is experiencing a rough patch in Venezuela. According to CONATEL (National Telecommunications Commission), BlackBerry planned to expand in 2012 by 45%. However, the BlackBerry brand saw only modest growth in 2012 as many consumers purchased used phones or phones on the black market. Upper-income consumers prefer to buy smartphones abroad using the official foreign exchange rate of BsF6.30 per US$1 as local prices tend to be...
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