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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
05/19/201516:17:06Report of Foreign Issuer (6-k)
05/15/201514:55:36Report of Foreign Issuer (6-k)
05/15/201508:52:29Report of Foreign Issuer (6-k)
05/13/201508:26:50Report of Foreign Issuer (6-k)
05/13/201508:18:23Telefonica Brasil Profit Declines 12% as Expenses Rise
05/13/201508:18:001Q15 Results: Telefonica Brasil S.A.
05/13/201508:17:24Report of Foreign Issuer (6-k)
05/13/201508:09:51Report of Foreign Issuer (6-k)
05/13/201507:03:13Report of Foreign Issuer (6-k)
05/13/201506:06:23Report of Foreign Issuer (6-k)
05/13/201506:06:22Report of Foreign Issuer (6-k)
05/12/201513:45:00Vivendi : progression des résultats opérationnels au premier tr...
05/12/201513:45:00Vivendi: Operating results increase for the first quarter of...
05/12/201512:40:00Vivendi: Proposed Public Tender Offer for the Shares of Société d...
05/12/201512:40:00Vivendi : projet d’offre publique d’achat sur les actions de l...
05/11/201511:41:00Vivendi : Information mensuelle relative au nombre total de droits...
05/06/201512:06:00Vivendi: closing of the sale of its 20% interest in Numericable-SFR
05/06/201512:06:00Vivendi : finalisation de la cession de la participation de...
05/04/201516:15:07Report of Foreign Issuer (6-k)
04/30/201502:38:00VIVENDI : COMMUNIQUÉ

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