Telefonica to Invest $8.13 Billion in Brazil by 2020
March 12 2018 - 1:31PM
Dow Jones News
By Nathan Allen
Telefonica SA's (TEF.MC) Brazilian subsidiary will invest 26.5
billion reais ($8.13 billion) in the country between 2018 and 2020,
the company said on Monday in a regulatory filing.
The company said around BRL24 billion is earmarked for upgrading
and expanding its mobile and fixed networks in the country, while
the remaining BRL2.5 billion will be invested in expanding its
Brazilian fiber-optic network.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
March 12, 2018 13:16 ET (17:16 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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