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VIV Telefonica Brasil SA

8.95
0.00 (0.00%)
23 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Telefonica Brasil SA NYSE:VIV NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 8.95 0 01:00:00

Telefonica: To Invest BRL5 Billion In Brazil In 2010

19/05/2010 12:06pm

Dow Jones News


Telefonica Brasil (NYSE:VIV)
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Telefonica SA (TEF) plans to invest 5 billion Brazilian reals ($2.77 billion) in Brazil this year in both fixed-line and mobile telecommunications, the company's Latin America head Jose Maria Alvarez Pallete said Wednesday.

In a meeting with journalists and business leaders, Pallete added that Telefonica had invested a total of EUR90 billion in all of Latin America since it began operations in the region in the 1990s.

Telefonica owns Brazilian fixed-line operator Telecomunicacoes de Sao Paulo (TLPP4.BR), or Telesp and shares control of mobile operator Vivo Participacoes SA (VIV) with Portugal Telecom (PT).

In 2009, Telefonica invested BRL3.4 billion in Brazil.

-By Jason Sinclair, Dow Jones Newswires, 34 913958127, jason.sinclair@dowjones.com

 
 

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1 Year Telefonica Brasil Chart

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1 Month Telefonica Brasil Chart