Telefonica to invest USD846m in Brazil next year

23 Dec 2008

Spanish telecoms heavyweight Telefonica intends to invest more than BRL2 billion (USD846 million) in Brazil in 2009 – roughly the same CAPEX as for this year – Bnamericas reports citing Telefonica Brasil president Antonio Valente as saying. For the period 2007-2010, the telco expects to invest a total of BRL15 billion in its Brazilian operations. Next year,the operator is focusing on developing its high speed broadband capabilities and is considering plans to bundle packages in association with mobile operator Vivo, Valente said.

Brazil, Telefonica, Telefonica Brasil (Vivo)