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| 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 | |
|---|---|---|---|---|---|---|---|---|
| 0.11 | 1.18% | 9.41 | 9.47 | 9.34 | 9.38 | 693,209 | 01:00:00 |
From Apr 2019 to Apr 2024
By Rogerio Jelmayer
SAO PAULO--Telefonica Brasil SA (VIV), the Brazilian unit of Spain's Telefonica SA (TEF), is planning to invest up to 24 billion reais ($7.07 billion) in its operations in Latin America's largest nation from 2017 through 2019.
The company, which didn't give a comparison with past investment, said Monday it would invest the money to expand its 4G coverage and expand its fiber network across the country.
Telefonica said the investment excludes the purchase of potential licenses.
The company is Brazil's largest mobile-phone company by market share, according to telecommunications regulator Anatel.
Write to Rogerio Jelmayer at rogerio.jelmayer@wsj.com
(END) Dow Jones Newswires
November 21, 2016 05:57 ET (10:57 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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