Telefonica to invest USD21 million

7 Jul 2005

Local fixed line operator Telefonica (formerly Telesp) has revealed plans to invest BRL50 million (USD21 million) in its broadband offering Speedy during the second half of 2005. The operator said it hopes to sign up around 300,000 new broadband subscribers by December; its customer base currently stands at around one million. The operator plans to increase its product range with higher speeds and different prices, and is also developing its VoIP services.

Brazil, Telefonica Brasil (Vivo)