Vivo increases 2008 CAPEX to BRL6.07bn

31 Mar 2008

Brazilian mobile operator Vivo has announced a tripling of its planned investment for 2008 to BRL6.07 billion (USD3.48 billion), up from BRL1.92 billion in 2007. It is not clear, however, if the proposed capital expenditure for the current year includes the BRL1.3 billion acquisition of rival carrier Telemig. Vivo’s CAPEX is considerably higher than the figures announced by rivals TIM Brasil (BRL3.6 billion) and Telecom Americas’ Claro unit (BRL700 million).