Livea Mizobata (55-11) 4950-3604 livea.mizobata@jpmorgan.com Banco J.P. Morgan S.A. J P M O R G A N Latin America Equity Research 24 June 2026 LatAm Telcos Consolidation Lessons: Case Study on Brazil Mobile, 2022 Amid a wave of telecom consolidation, we are launching a series of Latin American case studies, beginning with Brazil's 2022 mobile consolidation. Our goal is to equip investors with a repertoire of case studies to support the analysis of consolidations happening currently in countries such as Colo ...