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Brazil Phone Company Vivo To Invest BRL125 Million On Amazonas Service

RIO DE JANEIRO -(Dow Jones)- Brazilian mobile phone company Vivo (VIVT4.BR), part of Spain's Telefonica Group (TEF), said Tuesday it plans to invest more than 125 million Brazilian reais ($70 million) to expand its services to reach all cities in Brazil's Amazonas state, in the country's north, by 2012. The expansion in Amazonas will include the interconnection of the state's radio frequencies with Brazil's national network and growth in satellite services to allow voice and data transmission in areas of difficult access, Vivo said in a statement. Vivo has invested BRL1 billion in services in northern Brazilian states since 2006 and currently has 38.3% of market share in the region, with 6.5 million clients, it said. -By Diana Kinch, Dow Jones Newswires; 55 21 2586 6086; diana.kinch@dowjones.com

Stock News for Vivo Participacoes S.a. (VIV)
DateTimeHeadline
05/07/201307:52:55Telefonica Brasil First-Quarter Net Profit Down to BRL810.2 Million
04/18/201307:22:51Brazil Mobile Subscribers Increase in March; Vivo Lost Ground
02/25/201306:41:13Telefonica Brasil 4Q Net Profit up 0.8% at BRL1.47 Billion
02/22/201306:04:19Brazil Mobile Subscribers up 0.18% in January
01/18/201309:20:21Brazil Mobile-Phone Sales Up 0.67% in December
12/20/201204:32:33Brazil Mobile Phone Sales Up 0.28% in November
11/21/201204:52:49Brazil Mobile Phone Sales Rise Slightly in October
11/12/201208:35:33Brazil Government May Allow Nextel To Buy Mobile Company - Reports
11/06/201206:29:34Telefonica Brasil 3Q Net Profit Down 29.8% at BRL935.8 Million
11/05/201216:47:45Brazil's Telefonica, AINMT to Study Broadband Network for Rural...
10/31/201201:03:14TIM is Last Brazil Mobile Company to Pick Suppliers for 4G LTE...
10/26/201207:59:03Brazil Mobile Phone Sales Increase Slightly in September
08/20/201207:21:05Brazil Mobile Phone Subscriptions up 0.11% in July From June
08/17/201206:40:17Telefonica Brasil to Issue BRL2 Billion in Bonds
08/07/201220:01:24Brazil's TIM Denies Deliberately Cutting Off Mobile Calls
08/02/201217:33:35Brazil Allows Mobile Companies to Resume Selling Services
07/25/201215:29:47Telefonica Brasil Says Major Restructuring Costs Have Been Completed
07/25/201207:51:57Telefonica Brasil 2Q Net Profit Down 5.6% At BRL1.09 Billion
07/25/201206:32:36Telefonica Brasil Seeks to Raise BRL2 Billion From Bond Issuance
07/20/201217:35:32Brazil Mobile Phone Operators Scramble Over Investment Plans

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