Google target Big investments in Latin America

Bloomberg News
Article Launched: 04/08/2008 01:44:25 AM PDT

Google, the operator of the world's most popular search engine, will buy technology firms and invest in Latin America, its fastest-growing region, Chief Executive Eric Schmidt said.

The Mountain View company may make deals in Latin America as Internet use in the region advances, he told reporters Monday in Mexico City. Google expects sales in Latin America will more than double this year, said Daniel Alegre, vice president for Latin American business operations.

Google is betting on growth in international markets, where Internet use remains low relative to the U.S. Latin American Internet use may increase 20 percent annually to 2012 from 2006 as access costs drop and incomes rise, according to a study by Pyramid Research.

- Bloomberg News