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Brazil's BNDES Lends BRL3 Billion To Telefonica's Vivo

SAO PAULO -(Dow Jones)- Brazil's national development bank, or BNDES, on Tuesday said it has agreed to lend 3 billion Brazilian reais ($1.7 billion) to mobile phone company Vivo SA, a unit of Spain's Telefonica SA (TEF.MC, TEF). The money will be used to extend the coverage of the company's 3G-technology network, as well as increase the capacity of its 2G and 3G networks, BNDES said in a statement. With the 3G network, the company aims to offer mobile internet coverage to more than 85% of Brazilians by the end of this year, according to the statement. Vivo is also planning to extend the main transmission network which provides the backbone for its operations, according to the statement. -By Matthew Cowley, Dow Jones Newswires; +55 11 3544 7082;

Stock News for Vivo Participacoes S.a. (VIV)
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07/18/201612:56:00Vivendi détient plus de 20 % des droits de vote d’Ubisoft
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07/11/201610:31:00Vivendi : Information relative au nombre total de droits de vote...
07/08/201616:19:49Report of Foreign Issuer (6-k)
07/05/201605:18:00Communiqué établissant le bilan semestriel du contrat de liquidité de...
06/30/201616:35:12Report of Foreign Issuer (6-k)
06/30/201616:08:36Report of Foreign Issuer (6-k)
06/29/201612:57:00Vivendi Reconstitutes the Gameloft Board of Directors
06/29/201612:57:00Vivendi recompose le Conseil d’administration de Gameloft
06/24/201613:19:00Vivendi : Complément au descriptif, du 3 juin 2016, du programme...
06/23/201606:03:32Report of Foreign Issuer (6-k)
06/20/201620:40:00Telecom Oi Files Largest Bankruptcy Request in Brazil's History
06/20/201612:24:00Vivendi now holds over 95% of Gameloft
06/20/201612:24:00Vivendi contrôle désormais plus de 95 % de Gameloft
06/20/201609:33:00Vivendi : Information relative au nombre total de droits de vote...
06/17/201616:45:40Report of Foreign Issuer (6-k)
06/17/201616:38:53Report of Foreign Issuer (6-k)

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