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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
11/11/201405:36:40Telefonica Brasil 3Q Net Profit Rises on Lower Costs
07/30/201408:34:17Telefonica Brasil 2nd-Quarter Net Profit More Than Doubles on...
06/18/201407:06:10Brazil Mobile Subscribers Increases in May; Leading Companies...
05/08/201408:13:21Telefonica Brasil 1Q Net Profit Down 18.4% at BRL660.8 Million
04/24/201407:55:12Brazilian Mobile Subscribers Up in March; Vivo and Tim Gain Share
04/15/201407:17:56Brazil Telecom Italia Unit Looks Into Selling Telecommunications...
02/18/201410:53:22Correction to Telecom Italia CEO Article
02/18/201410:12:22Telecom Italia CEO: No Discussion About Sale of TIM Brazil
01/27/201409:56:36Brazil Mobile Phone Sales Rise Less In December; Vivo Loses Ground
11/15/201309:10:28Caxton Associates LP 3Q 13F: Largest Purchases
11/15/201309:10:28Caxton Associates LP 3Q 13F: Holdings As Of Sep 30 -2-
11/15/201309:10:27Caxton Associates LP 3Q 13F: Holdings As Of Sep 30
11/15/201307:11:09AQR Capital Management 3Q 13F: Largest Purchases -2-
11/15/201307:11:09AQR Capital Management 3Q 13F: Largest Purchases
11/14/201307:19:29The Vanguard Group 3Q 13F: Largest Purchases -2-
11/14/201307:19:25The Vanguard Group 3Q 13F: Largest Sales
11/07/201308:31:44Brazil Sees Fewer Active Mobile Phones in September; Vivo Loses...
09/25/201305:29:25Telecom Italia Can Avoid Credit Downgrade By Latam Asset Sale...
09/24/201317:58:33As Telefonica Boosts Stake in Telco, Brazil Antitrust Body Could...
09/24/201316:59:43ADR Shares End Flat Amid Budget Talks in Washington

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