Vivo to invest USD851 million in 2007

17 Apr 2007

Brazilian mobile operator Vivo Participações has approved plans to invest BRL1.73 billion (USD851 million) in its operations in 2007, although it stopped short of detailing how the monies would be used. However, the operator has made it clear that it is interested in acquiring a 1.9GHz licence covering Minas Gerais state and the northeast of Brazil, which its own estimates suggest would require an investment of around BRL800 million. Last year Vivo, a joint venture of Spain’s Telefónica and Portugal Telecom, invested over BRL2.1 billion, more than half of which was spent on overlaying its CDMA network with GSM technology. BNamericas notes that the lower capex for 2007 indicates that the GSM overlay is going according to plan, with no glitches.

Brazil, Telefonica