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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; [email protected]

Stock News for Vivo Participacoes S.a. (VIV)
01/13/201715:40:44Report of Foreign Issuer (6-k)
01/10/201710:01:00Vivendi to Open Four CanalOlympia Venues in Africa in January...
01/10/201710:01:00Vivendi ouvre quatre salles CanalOlympia en Afrique en janvier...
01/05/201710:04:00Vivendi : Information relative au nombre total de droits de vote...
01/04/201716:39:00Amos Genish Joins Vivendi
01/04/201716:39:00Amos Genish rejoint Vivendi
01/04/201716:28:59Report of Foreign Issuer (6-k)
12/30/201606:08:31Report of Foreign Issuer (6-k)
12/22/201612:44:00Vivendi Owns 28.80% of the Mediaset Share Capital and 29.94...
12/22/201612:44:00Vivendi détient 28,80 % du capital et 29,94 % des droits de...
12/20/201613:15:00Vivendi owns 25.75% of the Mediaset share capital and 26.77...
12/20/201613:15:00Vivendi détient 25,75 % du capital et 26,77 % des droits de v...
12/20/201606:04:27Report of Foreign Issuer (6-k)
12/20/201606:04:26Report of Foreign Issuer (6-k)
12/19/201613:15:00Vivendi’s Management Board Decided to Increase Its Investment i...
12/19/201613:15:00Le Directoire de Vivendi a décidé d’augmenter sa participation dan...
12/14/201612:49:00Vivendi reached the 20% threshold of Mediaset
12/14/201612:49:00Vivendi a atteint le seuil de 20 % de Mediaset
12/13/201612:40:00Vivendi Has Crossed the 10% Share Threshold in Mediaset
12/13/201612:40:00Vivendi a franchi le seuil de 10 % du capital de Mediaset

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