TMT Daily "GLOB/CINT: Meta's push into implementation services; AMX/TEF-..."

研报英文原文证据摘录

TMT Daily "GLOB/CINT: Meta's push into implementation services; AMX/TEF-..."

Global Research

28 May 2026ab

TMT Daily Equities

Emerging MarketsGLOB/CINT: Meta's push into implementation

services; AMX/TEF-BZ/TIM: ClaroFlex's high Telecommunications

margins add to the price rationality debate Leonardo Olmos,AnalystCFA

leonardo.olmos@ubs.com

+55-11-9658 7533

GLOB/CINT: Meta advances into AI implementation services Gustavo Farias

Associate Analyst

What happened: According to The Information, Meta is launching a new unit called gustavo.farias@ubs.com

Enterprise Solutions, which will place engineers and product managers inside large +55-11-2767 6154

corporate customers to push adoption of Meta's AI tools and services. The move was

outlined in an internal memo by senior executive Naomi Gleit.

Team structure: The organization will be composed of product managers

leading customer engagements, data engineers preparing client data for use

in Meta's AI systems, and software engineers integrating Meta's tools directly

into customers' operational systems.

UBS's take: Negative read for GLOB/CINT. Following recent moves by Anthropic,

OpenAI, Microsoft, and Google to accelerate AI implementation services, Meta now

joins the trend, adding another large player competing with IT Services firms for

enterprise AI budgets.

AMX/TEF-BZ/TIM: ClaroFlex's high margins add to the price rationality debate

What happened: Yesterday, we attended AMX's Investor Day, and in the Brazil

section, management highlighted ClaroFlex — a digital-first mobile offer — as a key

high-margin product within its portfolio. Management noted ClaroFlex operates at a

~70% EBITDA margin.

UBS's take: Positive read for AMX/TEF-BZ/TIM. We note that ClaroFlex is broadly