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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
02/08/201615:38:06Report of Foreign Issuer (6-k)
02/08/201615:32:46Report of Foreign Issuer (6-k)
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02/08/201607:42:00Vivendi et Gilbert Coullier Productions réunissent Gad Elmaleh e...
02/02/201606:40:00Vivendi : Information mensuelle relative au nombre total de droits...
01/15/201601:57:00Vivendi: unwinding of hedge and disposal of Activision Blizzard...
01/15/201601:57:00Vivendi : débouclage de la couverture et cession des titres A...
01/13/201613:13:00Vivendi : Complément n° 3 au descriptif du programme de rachat d...
01/13/201612:33:05Amended Statement of Beneficial Ownership (sc 13d/a)
01/13/201605:57:00Brazil Mobile-Phone Subscriptions Down Again in November
01/12/201609:57:00Vivendi: Governance Changes at Dailymotion
01/12/201609:57:00Vivendi : évolution de la gouvernance de Dailymotion
01/05/201613:08:00Vivendi : Information mensuelle relative au nombre total de...
12/30/201506:06:54Report of Foreign Issuer (6-k)
12/18/201507:03:05Report of Foreign Issuer (6-k)
12/17/201516:17:47Report of Foreign Issuer (6-k)
12/17/201516:13:01Report of Foreign Issuer (6-k)
12/17/201513:45:00Vivendi and Sciences Po Award the Media CSR Innovation Prizes
12/17/201513:45:00Vivendi et Sciences Po décernent les prix pour l’Innovation RS...
12/17/201512:10:00Vivendi Acquires a Majority Stake in Radionomy Group, a Major...

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