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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; matthew.cowley@dowjones.com

Stock News for Vivo Participacoes S.a. (VIV)
DateTimeHeadline
08/22/201607:56:00Brazil Mobile-Phone Subscriptions Drop in June on Poor Economy
08/08/201609:31:06Report of Foreign Issuer (6-k)
08/01/201610:33:00Vivendi : Information relative au nombre total de droits de vote...
07/29/201608:25:00Vivendi / Mediaset: Clarification
07/29/201608:25:00Vivendi/Mediaset : précisions
07/27/201606:15:15Report of Foreign Issuer (6-k)
07/27/201606:06:03Report of Foreign Issuer (6-k)
07/26/201618:40:002Q16 Results: Telefonica Brasil S.A.
07/26/201613:16:00Vivendi and Mediaset: Structure of the Offer
07/26/201613:16:00Vivendi et Mediaset : structure de l’offre
07/26/201603:52:00Vivendi and Mediaset : Clarification
07/26/201603:52:00Vivendi et Mediaset : précision
07/25/201606:42:00Vivendi, Partner of Summer Festivals
07/25/201606:42:00Vivendi, partenaire des festivals de l’été
07/20/201609:53:00Vivendi: Implementation of a Mandatory Squeeze-out for the Shares...
07/20/201609:53:00Vivendi : Mise en œuvre du retrait obligatoire visant les actions...
07/18/201612:56:00Vivendi Holds More Than 20% of the Voting Rights of Ubisoft
07/18/201612:56:00Vivendi détient plus de 20 % des droits de vote d’Ubisoft
07/14/201607:40:00Wireless Communications Stocks Review -- Vodafone Group, Mobile...
07/11/201610:31:00Vivendi : Information relative au nombre total de droits de vote...

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