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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
04/29/201606:30:07Report of Foreign Issuer (6-k)
04/28/201606:14:38Report of Foreign Issuer (6-k)
04/27/201618:38:001Q16 Results: Telefonica Brasil S.A.
04/21/201610:28:00Vivendi: 2016 Annual Shareholders’ Meeting
04/21/201610:28:00Vivendi : assemblée générale 2016
04/18/201616:37:17Report of Foreign Issuer (6-k)
04/18/201616:32:48Report of Foreign Issuer (6-k)
04/18/201612:35:00Vivendi to hold its second Vivendi Talents Show on April 21st
04/18/201612:35:00Vivendi organise la deuxième édition du Vivendi Talents Show ce...
04/11/201614:34:00Vivendi to Acquire an Equity Interest in Fnac as Part of a Strategic...
04/11/201614:34:00Vivendi entre au capital de la Fnac dans le cadre d’un partenariat st...
04/08/201616:23:02Report of Foreign Issuer (6-k)
04/08/201616:18:11Report of Foreign Issuer (6-k)
04/08/201613:14:00Vivendi Forms a Strategic and Industrial Partnership with Mediaset
04/08/201613:14:00Vivendi conclut un partenariat stratégique et industriel avec M...
04/07/201608:18:00Vivendi Founding Member of The Cargo, Europe's Largest Start-up...
04/07/201608:18:00Vivendi membre fondateur du Cargo, le plus grand incubateur européen...
04/05/201613:58:00Vivendi : Information relative au nombre total de droits de vote...
04/05/201613:51:00Vivendi : Information mensuelle relative au nombre total de droits...
04/05/201610:26:00Vivendi: STUDIO+, the First Mobile Series Offer

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