CVM sells part of TCO stake

28 Mar 2006

US investment group Capital Group International (CVM) has reduced its interest in Brazilian mobile operator Tele Centro-Oeste Celular (TCO) from 8.96% to 3.85%, according to BNamericas citing local sources. TCO is a unit of mobile holding group Vivo, a joint venture between Telefónica Móviles and Portugal Telecom. CVM sold 5.14% of its preferential shares in TCO in January this year.