Telefonica Brasil (Vivo) has disclosed plans to invest BRL24 billion (USD7.4 billion) in its networks over the next three years. Telefonica Brasil CEO Eduardo Navarro divulged the figure at an analyst briefing in New York, and Reuters quotes him as saying: ‘Fibre is something we are doing very aggressively in Spain and here in Brazil. The demand for ultra-broadband is huge … We have great advantages when you take our experience from Spain. Spain has the highest fibre penetration in the West, and we want to replicate that in Brazil.’
According to TeleGeography’s GlobalComms Database, Vivo is the second largest fixed line broadband operator in Brazil, behind Claro Brasil. At 31 December 2017 some 4.541 million of Vivo’s 7.466 million subscribers were connected via fibre platforms.