Latin American Telecom Sector Es Muy Positivo

Nothing is more irritating when surfing the Net than having a connection suddenly die. After all, what good is half a graphics file? Or worse, half a sports score?

In the U.S., reliable phone lines have largely eliminated such high-tech annoyances, although slow download times could still frustrate the patience of Isidore of Seville, the patron saint of the Internet. In Latin America, however, landlines are so unpredictable, telecommunications companies are scrapping the existing structure and leapfrogging to fiber-optic networks in anticipation of an online boom down south.

The rush to broadband technologies, which allow massive amounts of data to be moved quickly, is creating a new class of investment darlings. Call them the LatInternets. ...