Telemar secures USD89 million loan

3 Jun 2005

Brazilian development bank BNDES has approved a BRL215 million (USD89 million) loan for fixed line telco Telemar Norte Leste. The operator will use the funds to fulfil universal access obligations and for education projects, mainly in the north and northeast of the country, including the installation of 37,000 fixed line telephony terminals in rural areas.

Brazil, Oi